Transat A.T. Inc’s board of directors has approved Air Canada’s takeover offer valued at $520 million, but several hurdles remain before the transaction can be approved, including concerns.
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Shares in the parent company of airline Air Transat were little changed Friday after rising more than 13.4 per cent on Thursday to a closing price of $12. That’s a dollar less than the $13 per share.
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Canada’s largest airline Air Canada has raised the value of its offer to buy canadian tour operator Transat AT Inc to about $720 million, or $18 per share, from its earlier offer of $13 a share.
(Reuters) – Montreal real estate developer Group Mach on Friday offered to buy at least. tour operator. Transat in June accepted Air Canada’s all-cash bid of C$520 million ($394 million), or C$13 a.
May 16 (Reuters) – Air Canada. 387.51 million) to create a Montreal-based global travel services company. As part of the deal, Transat shareholders will receive $13 per share. The deal comes days.
Air Canada said it’s in exclusive talks to buy one of the country’s largest travel tour operators, Transat A.T., for about C$520 million (US$387 million) amid a wave of consolidation in the Canadian airline industry. The country’s largest airline said in a statement it was prepared to pay C$13 a.
Air Canada said it’s in exclusive talks to buy one of the country’s largest travel tour operators, Transat A.T., for about C$520 million ($387 million) amid a wave of consolidation in the Canadian airline industry. The country’s largest airline said in a statement it was prepared to pay C$13 a share for the Montreal-based company, [.]
How the Avalanche have fared with a top-four pick in the NHL draft The 2019 NHL Entry Draft is in the books and the free agent frenzy is on the horizon. Before that happens we will examine how teams in the Western Conference did at the draft table in Vancouver.
Transat stock has surged more than 34 per cent since exclusivity talks with Air Canada began in May, closing Wednesday at $14.19, as investors anticipated a sweeter deal. Transat bid takes twist as Quebec developer tops air canada offer; Why Transat’s best bet is Air Canada’s offer to buy it for $520 million
Wayne Rooney steals the show as DC United beats Orlando City 2-1 Blackhawks finally have a schedule they can love And now the Blackhawks have the opportunity to pair the two together in an attempt to reignite the glory days. And for some of the youngsters who might soon get to play on a line with their role models, the feeling is nearly unimaginable.Wayne Rooney scored twice as DC United secured. who suffered a damaging 2-1 defeat to Orlando City. Sacha Kljestan scored a penalty deep into stoppage time to earn struggling Orlando their first.
Canada’s largest airline said on Thursday it is in exclusive talks to buy the parent company of leisure carrier Air Transat in an all-cash deal valued at C$520 million (7.5 million), marking.
Air Canada said separately that it values its offer at about $520 million. Transat chief executive. after Toronto-based Onex Corp. announced a deal to buy WestJet Airlines Ltd. earlier this week.
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