05:31 PM EST, 12/12/2024 (MT Newswires) -- Onex ( ONEXF ) after trade Thursday said it changed its ongoing substantial issuer bid, now offering to buy back up to $400 million of its subordinate voting shares for cancellation.

The price range for shareholders who sell their shares has been increased to between $108 and $117 per share. The original price range was $105 to $112 per share, the company said.

The deadline for the offer has been extended to 11:59 p.m. Toronto time on Dec. 23, unless further changes are made. All other terms remain the same, and the company expects to announce the results by the Dec. 27 market close.

ONEX ( ONEXF ) shares closed down $3.28 to $114.47 on the Toronto Stock Exchange.