Letko Brosseau

Letko, Brosseau & Associates Inc. is a firm of investment managers. It was founded in 1987. As of 31 December 2018, the firm managed $27 billion in assets for more than 420 institutional investors and several thousand private clients. In 2019, the firm had offices in Montreal, Toronto and Calgary.

Letko Brosseau was once a significant investor in the ill-fated British construction firm Carillion.[1] It exited the ownership of WestJet in 2019, after Onex Corporation took the company private for $31 a share.[2]

In December, 2019, the firm rejected Jim Pattison's $16-a-share cash bid to acquire lumber company Canfor, saying the offer undervalued the company. Letko Brosseau held 4.8 percent of Canfor stock as of December 16, 2019.[3]

References

Cahill, Helen (19 February 2018). "City investors chronicle efforts to reform Carillion as it headed to liquidation". City AM. Archived from the original on 19 February 2018. Retrieved 19 February 2018.
"Onex slashed proposed offer for WestJet because of grounding of Boeing 737 Max planes". The Globe and Mail Inc. 24 June 2019.
December 16, David Carrigg Updated; 2019 (2019-12-17). "Jim Pattison's $1 billion bid to take full control of Canfor fails | Vancouver Sun". Retrieved 2019-12-17.CS1 maint: numeric names: authors list (link)

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[Cahill-19Feb2018-1] Cahill, Helen (19 February 2018). "City investors chronicle efforts to reform Carillion as it headed to liquidation". City AM. Archived from the original on 19 February 2018. Retrieved 19 February 2018.

[gmjun-2] "Onex slashed proposed offer for WestJet because of grounding of Boeing 737 Max planes". The Globe and Mail Inc. 24 June 2019.

[3] December 16, David Carrigg Updated; 2019 (2019-12-17). "Jim Pattison's $1 billion bid to take full control of Canfor fails | Vancouver Sun". Retrieved 2019-12-17.CS1 maint: numeric names: authors list (link)