The Globe and Mail reports in its Friday edition that Michael Andlauer, who recently purchased the Ottawa Senators, is selling his medical logistics business to American shipping giant United Parcel Service, earning him more than $1-billion in cash. The Globe's Jameson Berkow writes that UPS is paying $55 per share in cash for Andlauer Healthcare Group (AHG), representing a total purchase price of $2.2-billion. The highest AHG shares have ever traded on the Toronto Stock Exchange was $54.95 in September, 2022. The stock has struggled of late and closed at $41.96 before the UPS deal was announced -- the same price it traded for in September, 2020. Mr. Andlauer indirectly holds 53.2 per cent of AHG's shares and 82 per cent of the votes entitled to be cast for the transaction. Once the deal closes, he will remain as chief executive officer of AHG and will also take over leadership of UPS Healthcare Canada. Born in France in 1966 and raised in Montreal, Mr. Andlauer ran the trucking division of McCain Foods before starting his own transport business in the early 1990s. The transaction is the first multibillion-dollar deal to be announced since Ottawa gave itself more power to block foreign investments in Canadian companies.