Canada's Chorus Aviation receives takeover proposal

Chorus Aviation

23/10/2020 20:22

Oct 23 (Reuters) - Canadian aircraft repair and overhaul
services provider Chorus Aviation  CHR.TO  said on Friday it had
received a non-binding acquisition proposal from a third party.
    Dartmouth-based Chorus, however, said there can be no
assurance that any transaction will occur.  urn:newsml:reuters.com:*:nCNWQlqlZa
    Shares of Chorus, which has a market value of about C$383
million ($292 million), rose nearly 7% before being halted.

 (Reporting by Arundhati Sarkar in Bengaluru; Editing by Maju
Samuel)
 ((Arundhati.Sarkar@thomsonreuters.com;
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