Air Canada increased its bid for Air Transat, garnering support from the acquisition target’s largest shareholder and increasing the chances the tie-up will be approved later this month. The new purchase price of C$18 ($13.60) per share boosts Air Canada’s total bid to C$720 million. The original agreement was for C$13 per share, but Air Transat’s largest shareholder, investment management firm Letko Brosseau, said it would not agree to the deal at that valuation. Letko ...

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