OTHER NEWS - May 19, 1995
Onex to Offer $1.7 Billion for Brewer Labatt: The Canadian investment company said it wants to purchase John Labatt Ltd. and plans to sell the brewer’s non-beer operations, which include the Toronto Blue Jays baseball team. Onex Corp., well known in Canadian financial circles but relatively obscure in the United States, said in disclosing the purchase proposal that it intends to focus Labatt’s efforts on brewery operations. Labatt’s beer brands include Labatt Blue and Labatt Ice Beer. The Toronto-based company responded coolly to the offer.
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