CHC Helicopter Buyout Delay

CHC Helicopter Corp. (NYSE: FLI) said that it does not expect its C$3.7 billion buyout by First Reserve Corp. to close by the proposed June 30 date. The company, which provides helicopter services to the global offshore oil and gas industry, said yesterday that it is still awaiting certain regulatory approvals in both Canada and Europe. No revised date had been disclosed. www.chc.ca