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Transat AT Inc (TRZ.TO)

TRZ.TO on Toronto Stock Exchange

15.22CAD
18 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Transat Announces Receipt Of Final Court Approval For The Transaction With Air Canada
Thursday, 29 Aug 2019 

Aug 29 (Reuters) - Transat AT Inc ::TRANSAT ANNOUNCES RECEIPT OF FINAL COURT APPROVAL FOR THE TRANSACTION WITH AIR CANADA.TRANSAT AT INC - ARRANGEMENT WAS ALSO APPROVED BY 94.77% OF SHAREHOLDERS PRESENT IN PERSON OR BY PROXY AT SPECIAL MEETING OF TRANSAT HELD ON AUGUST 23.TRANSAT AT - IF REQUIRED REGULATORY APPROVALS ARE OBTAINED AND CONDITIONS ARE MET, IT IS NOW EXPECTED THAT TRANSACTION WILL BE COMPLETED BY Q2 2020.  Full Article

Letko Brosseau Reaffirms Its Support Of Air Canada's Acquisition Of Transat
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - Letko, Brosseau & Associates Inc::LETKO BROSSEAU REAFFIRMS ITS SUPPORT OF AIR CANADA'S ACQUISITION OF TRANSAT.LETKO, BROSSEAU & ASSOCIATES - CONFIRM IT VOTED ALL TRANSAT SHARES IT IS ENTITLED TO VOTE IN FAVOUR OF PROPOSED ACQUISITION OF TRANSAT BY AIR CANADA.  Full Article

Air Canada, Transat Announce Increased Purchase Price To $18/Share For 100% Of Transat
Monday, 12 Aug 2019 

Aug 11 (Reuters) - Air Canada ::AIR CANADA, TRANSAT ANNOUNCE INCREASED PURCHASE PRICE TO $18/SHARE FOR 100% OF TRANSAT AND LOCK-UP AND SUPPORT AGREEMENT WITH TRANSAT'S LARGEST SHAREHOLDER.AIR CANADA TO INCREASE ITS PURCHASE PRICE FROM $13 TO $18 PER SHARE, REPRESENTING AN AGGREGATE PURCHASE PRICE OF APPROXIMATELY $720 MILLION.LETKO BROSSEAU, TRANSAT'S LARGEST SHAREHOLDER HOLDING ABOUT 19.3% OF SHARES, HAS ENTERED INTO LOCK-UP & SUPPORT AGREEMENT.LETKO BROSSEAU, TRANSAT'S LARGEST SHAREHOLDER HOLDING ABOUT 19.3% OF SHARES, IS CONFIRMING ITS SUPPORT FOR AIR CANADA ACQUISITION.BOARD OF TRANSAT AND ITS SPECIAL COMMITTEE UNANIMOUSLY REITERATE THAT ARRANGEMENT WITH AIR CANADA IS IN "BEST INTEREST" OF TRANSAT.TRANSACTION IS EXPECTED TO BE COMPLETED IN EARLY 2020.  Full Article

Mach Specifies Structure Of Its Formal Proposal To Transat
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Transat AT Inc ::MACH SPECIFIES STRUCTURE OF ITS FORMAL PROPOSAL TO TRANSAT.GROUP MACH - CONFIRMS THAT PROPOSED ACQUISITION STRUCTURE IN PROPOSAL TO ACQUIRE TRANSAT IS A PLAN OF ARRANGEMENT AS PER CANADA BUSINESS CORPORATIONS ACT.  Full Article

Air Canada Says Process To Acquire Transat To Conclude June-End
Friday, 14 Jun 2019 

June 14 (Reuters) - Air Canada ::AIR CANADA - "WE ARE PROCEEDING TOWARD COMPLETION OF A DEFINITIVE PURCHASE AGREEMENT TO ACQUIRE TRANSAT AT INC".AIR CANADA - THE PROCESS TO ACQUIRE TRANSAT IS EXPECTED TO CONCLUDE BY THE END OF JUNE.AIR CANADA - AIR CANADA’S BID FOR TRANSAT IS FULLY FINANCED AND DOES NOT REQUIRE TAXPAYER ASSISTANCE.  Full Article

Transat Acknowledges Receipt Of Group Mach's Conditional Proposal Letter
Friday, 14 Jun 2019 

June 14 (Reuters) - Transat AT Inc ::TRANSAT A.T. INC. ACKNOWLEDGES RECEIPT OF GROUP MACH INC.'S CONDITIONAL PROPOSAL LETTER.TRANSAT AT INC - TRANSAT WOULD LIKE TO REITERATE THAT IT HAS ENTERED INTO AN AGREEMENT WITH AIR CANADA.  Full Article

Mach Deposits Formal Proposal To Transat At A Price Of $14.00 Cash Per Share
Friday, 14 Jun 2019 

June 14 (Reuters) - Group Mach Inc::MACH DEPOSITS FORMAL PROPOSAL TO TRANSAT.GROUP MACH INC - DEPOSITED ON THURSDAY ITS FORMAL PROPOSAL TO ACQUIRE ALL SHARES OF TRANSAT AT A PRICE OF $14.00 CASH PER SHARE.  Full Article

Air Canada Says Due Diligence On Binding Agreement With Transat A.T. Due To Be Completed By End Of June
Tuesday, 4 Jun 2019 

June 4 (Reuters) - Air Canada ::AIR CANADA PROVIDES UPDATE ON EXCLUSIVE AGREEMENT WITH TRANSAT A.T. INC. TO PURSUE A COMBINATION OF THE TWO COMPANIES.AIR CANADA - DUE DILIGENCE ON BINDING AGREEMENT WITH TRANSAT A.T. DUE TO BE COMPLETED BY END OF JUNE.  Full Article

Transat AT Inc Q1 Loss Per Share C$1.32
Thursday, 14 Mar 2019 

March 14 (Reuters) - Transat AT Inc ::TRANSAT A.T. INC. - RESULTS FOR FIRST QUARTER OF 2019.Q1 ADJUSTED LOSS PER SHARE C$0.96 EXCLUDING ITEMS.Q1 LOSS PER SHARE C$1.32.Q1 REVENUE C$647.6 MILLION.SAYS WORK ON STRATEGIC PLAN CONTINUES, WITH PARTICULAR FOCUS ON COST REDUCTION INITIATIVES.  Full Article

Transat A.T. Inc - Results For Fourth Quarter And Fiscal 2018
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Transat AT Inc ::TRANSAT A.T. INC. - RESULTS FOR FOURTH QUARTER AND FISCAL 2018.TRANSAT AT INC - QTRLY REVENUE $668.3 MILLION VERSUS $698.6 MILLION.TRANSAT AT INC - QTRLY EARNINGS PER SHARE $0.21.TRANSAT AT INC - QTRLY ADJUSTED EARNINGS PER SHARE $0.45.  Full Article

Transat sees lower demand on U.K.-Canada flights because of Brexit - COO

MONTREAL Transat AT has seen lower demand on its Air Transat flights out of the United Kingdom to Canada because of uncertainty over Brexit, but the Canadian market has been compensating for the fewer passengers, the company's chief operating officer said on Thursday.