Air Canada offers to buy Transat Airline for $387 million

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Why Transat’s best bet is Air Canada’s offer to buy it for 0 million list of Transat AT suitors grows longer as another Quebec businessman expresses interest in buying it Onex’s WestJet deal to.

. ($544 million) bid for Canadian tour operator Transat AT (TRZ.TO) is a fair offer and should secure investor backing for the transaction, Transat’s fourth-largest shareholder said on Monday. Air.

A 95% majority of Transat’s voting shareholders approved the agreement for Air Canada to buy the parent company of Air Transat for C$18 ($13.53) per share, which would make the cash transaction worth.

MONTREAL – Air Canada will spend more to buy Transat A.T. Inc., the airline announced Sunday, saying it has upped the total offer by $200 million to win the support of the tour company’s largest.

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Air Canada said on Thursday it will buy Canadian tour operator Transat A.T. Inc in an all-cash deal valued at C$520 million ($387.51 million) to create a Montreal-based global travel services company.

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.

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 supported by Transat’s board still requires regulatory and shareholder approvals. In accepting Air

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Air Canada said Thursday that it is in exclusive talks to buy. Transat has more than 30 jets and runs an airline and a tour operator.. The potential deal valued at around 520 million canadian dollars (US$387 million) is the.

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 the second aviation deal in Canada this week. Air Canada shares were up 1.7%. Air Canada’s plan to

Transat’s stock closed Monday at $15.97 (US$12.07), more than $2 below Air Canada’s offer of $18 a share or $720 million.

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