On the eve of the helicopter industry's biggest show came news of the helicopter industry's biggest buyout. Days before Heli-Expo 2008 got under way Sunday in Houston, Texas, the board of Vancouver-based CHC Helicopter Corp. has agreed in principle to the takeover of the company by First Reserve Corp. for a $1.5 billion offer that values the company at $3.7 billion. CHC is the largest oil platform-servicing company in the world and maintains a fleet of more than 300 helicopters all over the world. First Reserve offered shareholders $32.68 a share, a 49 percent premium over the share price of $21.88.
This is a companion discussion topic for the original entry at https://www.avweb.com/news/chc-accepts-takeover-bid