Air Canada offers to buy Transat Airline for $387 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.

Montreal (AFP) – Canada’s flagship airline Air canada announced thursday its intention to buy tour operator Transat in a deal valued at Can$520 million (US$387 million). A statement said Air Canada.

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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 ( cad) on a fully-diluted basis.

Canada’s flagship service, Air Canada, introduced Thursday that it has agreed to buy Air Transat, some other Quebec-based airline. The unique settlement requires air Canada to buy all issued and remarkable stocks of Air Transat, valued at just below $387 million USD ($520 million CAD), or roughly $9.67 USD in line with proportion ($13 CAD) on a fully-diluted foundation.

The board of directors of Transat AT Inc. has approved a $520-million. flights, higher passenger volumes and more efficient use of aircraft. “Becoming a part of Air Canada would seemingly solve.

Canada’s largest airline Air Canada has raised the value of its offer to buy Canadian tour operator Transat AT Inc to about C$720 million ($544.75 million), or C$18 per share, from its earlier.

(Reuters) – Canada’s largest airline Air Canada <AC.TO> has raised the value of its offer to buy Canadian tour operator Transat AT Inc <TRZ.TO> to about C$720 million ($544.75 million), or C$18.

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Air Canada Offers to Buy Transat Airline for US$387 Million By Scott Deveau , Bloomberg News | May 16, 2019 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 (US$387 million) amid a wave of consolidation in the Canadian airline industry.

May 16 (Reuters) – Air Canada. 387.51 million) to create a Montreal-based global travel services company. As part of the deal, Transat shareholders will receive $13 per share. The deal comes days.