June 14, 2019 / 4:27 PM / 4 months ago

Quebec real estate developer Group Mach makes formal bid for Transat

June 14 (Reuters) - Real estate developer Group Mach Inc said on Friday it had submitted a formal offer for Canadian travel operator Transat AT Inc on Thursday.

Mach had said earlier this month it would take Transat private at C$14 per share in cash, C$1 more than Air Canada’s all-cash offer that valued the parent company of leisure carrier Air Transat at C$520 million. (Reporting by Debroop Roy in Bengaluru; Editing by Maju Samuel)

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