Onex Suspends Carestream Auction, Considers Dividend Recap – Reuters

Canadian buyout firm Onex Corp. has suspended its auction of portfolio company Carestream Health Inc., a Rochester, New York-based medical imaging systems provider, reports Reuters. Onex, which was unable to find a buyer willing to meet its price expectation of US$3.5 billion, is now considering alternatives, such as a dividend recapitalization, sources said. Potential buyers reportedly included Bain Capital and Thomas H. Lee Partners. Onex bought Carestream in 2007.

For further information about Carestream please consult the company’s website.

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