Onex-owned trade show operator Emerald mulls $2 bln sale: Reuters

Emerald Expositions LLC, the largest operator of business-to-business trade shows in the United States, is exploring a sale that could value the company at close to US$2 billion, including debt, sources told Reuters. Canadian private equity firm Onex Corp, which acquired Emerald for US$950 million in 2013, has hired Bank of America Corp to run an auction for Emerald, the sources said. Onex may pursue an initial public offering of Emerald if it is not satisfied with the acquisition offers it receives.

DealsCanadaNorth America