Air Canada, Transat A.T. sign agreement to pursue combination of two Companies:
17 May 2019: Air Canada has entered into an exclusive agreement with Transat A.T. Inc. (Transat) regarding the proposed purchase by Air Canada of all issued and outstanding shares of Transat and its combination with Air Canada. The proposed transaction is approximately worth $520 million or $13.00 per share of Transat (on a fully-diluted basis), will make a Montreal-based global travel services company in leisure, tourism and travel distribution operating across Canada and internationally. Air Canada has all the required funding that is necessary to complete the transaction which is accordingly not subject to financing conditions.
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