Shareholders of Montreal-based Transat A.T. voted Aug. 23 in favor of Air Canada’s takeover bid, ending months of uncertainty and paving the way for review by Canadian regulatory authorities in the coming weeks. The transaction was approved by 95% of Transat shareholders, with approximately 70% of eligible shareholders participating. The proposed transaction would see Air Canada acquire Transat, including its Air Transat operating division, at C$18/share ($13.60), valuing the ...

Subscribe to Access this Entire Article

"Transat A.T. shareholders OK takeover by Air Canada " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.