Edition:
United States

Onex And BPEA To Publicly List Clarivate Analytics Through A Transaction With Churchill Capital


Monday, 14 Jan 2019 09:01am EST 

Jan 14 (Reuters) - Onex Corp ::ONEX AND BPEA TO PUBLICLY LIST CLARIVATE ANALYTICS THROUGH A TRANSACTION WITH CHURCHILL CAPITAL CORP.ONEX CORP - TRANSACTION IMPLIES AN ENTERPRISE VALUE OF APPROXIMATELY $4.2 BILLION..ONEX CORP - GROUP WILL NOT SELL ANY SHARES IN TRANSACTION AND WILL RETAIN 100% OF ITS INITIAL EQUITY.ONEX - AGREED TO PUBLICLY LIST CLARIVATE ANALYTICS ON NYSE THROUGH TRANSACTION WITH CHURCHILL CAPITAL CORP.ONEX CORP - UPON COMPLETION OF TRANSACTION, JERRE STEAD WILL BECOME CLARIVATE'S EXECUTIVE CHAIRMAN..ONEX CORP - BOARD OF DIRECTORS OF BOTH CHURCHILL AND CLARIVATE HAVE UNANIMOUSLY APPROVED PROPOSED TRANSACTION..ONEX CORP - CLARIVATE TO ALSO ENTER INTO TAX RECEIVABLE AGREEMENT WITH GROUP.ONEX CORP - GROUP'S INITIAL EQUITY WILL CONVERT TO APPROXIMATELY 74% OWNERSHIP OF OUTSTANDING SHARES OF CLARIVATE AT CLOSING OF TRANSACTION.ONEX CORP - CLARIVATE WILL COMPLETE ITS SEPARATION FROM THOMSON REUTERS THIS YEAR.