Air Canada offers to buy Transat Airline for $387 million

Air Canada offers to buy Transat Airline for $387 million

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.

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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.

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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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 · 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.

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