Onex Acquires 30% Equity Share of ResCare for $83 Million

March 22, 2004 Onex Acquires 30% Equity Share of ResCare for $83 Million Onex Corporation announced on March 10, 2004, that it had entered into an agreement with ResCare Inc. (ResCare) and certain shareholders to acquire shares representing an approximate 30% equity interest in the company for $83 million. The purchase consists of an investment of $50 million in a treasury issue of a new class of convertible preferred stock, based upon a $10.50 per common share conversion price, and the purchase of $33 million in common stock at $8.90 per share from certain ResCare shareholders, one of . . .