Onex to offer IPO for Husky: report

Canadian private equity firm Onex Corp. is expected to sell shares of Husky Injection Molding Systems.

According to news reports in the Globe and Mail, Onex plans to sell its stake in the Bolton, Ontario-based Husky in the next few months, potentially raising US$1.3 billion.

A range of initial public offerings is expected on the Toronto Stock Exchange over the coming months for businesses that include airlines and wireless infrastructure, the Globe said.

The sales will include shares of Husky and Chicago-based The Warranty Group, which retails consumer goods such as TVs and appliances.

Husky, which had no comment on the Onex IPO story, was publicly traded for a decade before Toronto-based Onex bought the firm for $622 million in 2007.