Eye for the prize

Article Abstract:

Onex Corp CEO Gerald Schwartz, who has built his career through lucrative corporate takeovers, is the key figure behind Onex's $2.3 billion buyout offer for the diversified Canadian brewing firm John Labatt Ltd. Onex's debt-financed takeovers typically result in liquidation of acquired assets.

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Takeover turmoil

Article Abstract:

Labatt CEO George Taylor is attempting to find a buyer to outbid Onex, which he believes is attempting to 'steal' Labatt's assets. Onex CEO Gerald Schwartz accuses Labatt of a secret deal that would cause Labatt's 22% holding of a Mexican brewer to fall apart if any hostile bidder wins Labatt.

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The winning brew

Article Abstract:

Belgium's Interbrew has made a strong bid to acquire John Labatt Ltd, which has been fighting a hostile takeover offer from Onex Corp. Interbrew plans to sell of many of Labatt's non-brewing assets, such as The Sports Network and its minority stake in Toronto's SkyDome stadium complex.

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