Onex Suspends Carestream Auction, Considers Dividend Recap - Reuters
Canadian buyout firm Onex Corp. has suspended its auction of portfolio company Carestream Health Inc., a Rochester, New York-based medical imaging systems provider, reports Reuters. Onex, which was unable to find a buyer willing to meet its price expectation of US$3.5 billion, is now considering alternatives, such as a dividend recapitalization, sources said. Potential buyers reportedly included Bain Capital and Thomas H. Lee Partners. Onex bought Carestream in 2007.
24 May 2013•1 min read
