Air Canada offers to buy Transat Airline for $387 million

Air Canada offers to buy Transat Airline for $387 million

Canada’s flagship carrier, Air Canada, announced Thursday that it has agreed to purchase Air Transat, another Canadian airline. The exclusive agreement calls for Air Canada to purchase all issued and outstanding shares of Air Transat, valued at just under $387 million USD ($520 million CAD), or approximately $9.67 USD per share ($13 CAD) on a fully-diluted basis.

In approving the Air Canada offer, the Transat board turned down a rival. Air Canada passenger's stranding on a plane was 'one in a million,'.

Air Canada offers to buy tour operator Transat for $520 million The airline said in a statement it was prepared to pay $13 a share for Montreal-based Transat, a 23 per cent premium to the company.

(Bloomberg) — 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 acquisition would merge two Quebec-based Canadian airlines.. If anyone on our team wouldn't recommend an offer to a friend or family. and outstanding shares of Air Transat, valued at just under $387 million USD.

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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 about competition. The deal, announced Thursday following a 30-day negotiating period, will see Air Canada.

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Air Canada has entered exclusive negotiations to acquire Transat AT, the. is valued at C$520 million ($387 million) or C$13 per Transat share, and. Air Canada says it has the funding required to complete the deal, which. The airline has a fleet of 39 in-service aircraft, Cirium's Fleets Analyzer shows.

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.

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The current Air Canada $520-million. into making offers. The question we need to think about isn’t whether Air Transat will be taken over, or even if it should be taken over. The only real question.

Real-estate developer Group Mach Inc. offered to buy. million). Air Canada, the country’s biggest carrier, rose 0.6 percent Tuesday. It didn’t respond to a request for comment. In a statement.

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