Onex mulls IPO, sale for Husky

, is reporting that Onex is considering a "dual-track" process to move the maker of injection molding machinery, hot runners, and tooling, either seeking another private equity buyer or initiating an IPO. 

The price has been reported as high as $2 billion, a level deemed high by market watchers quoted in the press reports. Onex purchased Husky in 2007 for Canadian $960 million ($958 million). At the time, Robert Schad, founder and controlling shareholder of the company put forward his 44% stake in the company. 

At the time, Onex valued Husky’s outstanding shares at CAN $8.18, representing a 38.6% premium over its March 7, 2007 close on the Toronto Stock Exchange, which is the date it announced it was pursuing a sale, but the price was only slightly above its Sept. 27 close of $7.58. Around noon on December 17, Onex's share price was up (C) $0.48 to $29.40 after news of a potential move with Husky broke.