Air Canada, Air Transat Parent Revamp Proposed Tie-Up Terms
Credit: Joe Pries
Air Canada and Air Transat parent Transat AT have agreed to a revised purchase agreement that would see Air Canada buy its smaller competitor for C$5 ($3.81) per share and support another C$250 million in funding. The new agreement, unveiled Oct. 10, replaced one from August 2019 that had Air Canada...
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