Transat A.T. Inc’s board of directors has approved Air Canada’s takeover offer valued at $520 million, but several hurdles remain. will see Air Canada purchase outstanding shares of Transat, an.
· Air Canada is in exclusive negotiations to buy the company that owns air transat, the two companies say. The proposed deal would value Transat at $13 per share, a 22 per cent premium from the $10.58 a share the company was valued at on Wednesday. At $13, Transat is being valued at roughly $520 million.
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 ($387.5 million), marking. a.
Canada’s flagship airline Air Canada announced Thursday it has reached a deal to buy tour operator Transat for Can$520 million (US$396 million) in cash or Can$13 per share. The deal unanimously.
· MONTREAL – Transat AT Inc. is in exclusive talks with Air Canada, which is offering $13 per share to buy the travel company. The Montreal-based owner of Air Transat and other travel businesses has been approached by several parties but said Thursday it has agreed to a 30-day period of exclusive negotiations with Air Canada.
Canada’s flagship airline Air Canada announced Thursday it has reached a deal to buy tour operator Transat for Can$520 million (US$396 million. and increased frequencies," it said. Transat offers.
The company that owns Air Transat has agreed to be taken over by Air Canada for $13 a share, following up on last month’s announcement they had entered into exclusive negotiations.
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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· MONTREAL – The board of directors of Transat AT Inc. has approved a $520-million takeover offer by Air Canada, but the deal faces legal and regulatory scrutiny along with resistance from major Transat shareholders.The companies announced Thursday that Air Canada.
(Reuters) – real estate developer group Mach Inc said on Tuesday it offered to acquire canadian tour operator Transat AT Inc for C$527.6 million ($392.9 million), topping an earlier offer. Air.