The Transat purchase by Air Canada cleared a major hurdle Friday when it was overwhelmingly approved by Transat shareholders.
Shareholders of Transat will meet Friday morning in Montreal to vote on a proposed $720 million sale to Air Canada.
Air Canada boosted its offer for all of Transat’s shares Sunday, to $720 million, winning the support of Transat’s largest shareholder in the process.
A special committee of Transat’s board which is reviewing the company’s future, including its proposed merger with Air Canada, has advised shareholders to reject Groupe Mach’s offer to buy 19.5% of Transat shares.
Groupe Mach has proposed an $88 million plan to stop a planned takeover of Transat by Air Canada.
In a letter to shareholders, Transat has revealed new details of who spoke to whom in talks that led to a blockbuster takeover by Air Canada. Transat shareholders will be asked to […]
Canadian leisure and tour operator Transat released its first winter schedule to feature the Airbus A321LR, which is gradually replacing older and larger aircraft.
Air Canada and leisure operator Transat came to a final deal Wednesday, after a month of intense negotiations. It now heads to the Transport Minister for approval.