TRZ.TO - Transat A.T. Inc.

Toronto - Toronto Delayed Price. Currency in CAD
16.24
-0.37 (-2.23%)
As of 3:29PM EDT. Market open.
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Previous Close16.61
Open16.55
Bid16.24 x 0
Ask16.25 x 0
Day's Range16.07 - 16.58
52 Week Range4.50 - 17.00
Volume771,800
Avg. Volume309,986
Market Cap612.045M
Beta (3Y Monthly)1.16
PE Ratio (TTM)N/A
EPS (TTM)-1.29
Earnings DateJun 13, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2008-12-29
1y Target Est15.21
  • CNW Group

    Transat's Shareholders Overwhelmingly Approve the Arrangement with Air Canada

    MONTREAL , Aug. 23, 2019 /CNW Telbec/ - Transat A.T. Inc. ("Transat") is pleased to announce that, at the special meeting of its shareholders (the "Shareholders") held today (the "Meeting"), a significant majority of Shareholders voted in favour of the special resolution (the "Arrangement Resolution") approving the previously announced plan of arrangement under Section 192 of the Canada Business Corporations Act pursuant to which Air Canada will acquire all of the issued and outstanding Class A variable voting shares and Class B voting shares of Transat (together, the "Shares") for $18.00 per Share in cash (the "Arrangement"). Shareholders carrying an aggregate of 26,530,771 votes, representing approximately 70.28% of votes entitled to be cast at the Meeting, were represented in person or by proxy at the Meeting.

  • CNW Group

    Fonds de solidarité FTQ Voted in Favour of Plan of Arrangement for Transat A.T.

    MONTRÉAL, Aug. 23, 2019 /CNW Telbec/ - During the special meeting of shareholders of Transat A.T. ("Transat") (TRZ.TO) on August 23, 2019 , the Fonds de solidarité FTQ (the "Fonds") voted in favour of the plan of arrangement announced on June 27, 2019 and amended on August 11, 2019 . A partner of Transat since 1990, the Fonds has always supported the company in its growth. Through thick and thin, Fonds shareholders' savings supported Transat, particularly in the months following 9/11 and during the 2008-2009 financial crisis.

  • CNW Group

    Transat reiterates its support for the arrangement with Air Canada

    MONTREAL , Aug. 20, 2019 /CNW Telbec/ - Transat A.T. Inc. ("Transat" or the "Corporation"), today confirms that it has taken note of Pierre Karl Péladeau's press release dated August 19, 2019 regarding his recommendation to shareholders with respect to the arrangement with Air Canada (the "Arrangement"). Transat notes that pursuant to this press release, no offer to acquire Transat has been made by Mr. Péladeau or any of his business associates. The arrangement with Air Canada is the result of a rigorous and diligent process by Transat's board of directors (the "Board") supported by financial and legal advisors over a period of more than 6 months.

  • CNW Group

    Two Leading Independent Proxy Advisory Firms Recommend Transat Shareholders Vote FOR the Plan of Arrangement with Air Canada

    MONTREAL , Aug. 15, 2019 /CNW Telbec/ - Transat A.T. Inc. ("Transat" or the "Corporation") is pleased to announce that Glass, Lewis & Co., LLC ("Glass Lewis") has recommended that Transat shareholders vote FOR the plan of arrangement (the "Arrangement") between Transat and Air Canada. Glass Lewis is a leading independent third-party proxy advisory firm which, among other services, provides proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.

  • CNW Group

    Leading independent proxy advisory firm recommends Transat shareholders vote FOR the proposed plan of arrangement with Air Canada

    MONTREAL , Aug. 13, 2019 /CNW Telbec/ - Transat A.T. Inc. ("Transat" or the "Corporation") is pleased to announce that Institutional Shareholder Services Inc. ("ISS") has recommended that Transat Shareholders vote FOR the plan of arrangement (the "Arrangement") between Transat and Air Canada. This favourable recommendation of ISS was first published on August 11, 2019, based on the original price of $13 per share that was reflected in the pre-amended binding arrangement agreement by which Air Canada was to acquire all outstanding shares of Transat. ISS reiterated its recommendation that Transat Shareholders vote FOR the Arrangement in a subsequent alert after the price per share payable by Air Canada was increased to $18 under an amendment dated August 11, 2019 .

  • Benzinga

    Air Canada Boosts Transat Bid By C$200 Million

    Air Canada (TSE:AC) will spend an additional C$200 million to buy Transat A.T. (TSE:TRZ) to win the support of the Canadian tour company's largest shareholder. (A Canadian dollar is worth US$0.76.) Air ...

  • Air Canada's sweetened bid for Transat a fair offer: shareholder
    Reuters

    Air Canada's sweetened bid for Transat a fair offer: shareholder

    Air Canada, Canada's largest airline, raised its offer for Transat by 38.5% to C$18.00 per share on Sunday, winning support from its largest shareholder Letko Brosseau, which holds about 19.3% of shares. Amar Pandya, a senior investment analyst and portfolio manager for Vancouver-based PenderFund Capital Management, would not specify how the company would vote on Air Canada's offer.

  • CNW Group

    The Tribunal administratif des marchés financiers (Québec) blocks Groupe Mach's Scheme

    MONTRÉAL, Aug. 12, 2019 /CNW Telbec/ - Transat A.T. Inc. ("Transat" or the "Corporation"), announced today that the Tribunal administratif des marchés financiers (Québec) has accepted by way of a majority decision, with immediate effect, Transat's application to cease trade the offer made by Groupe Mach Acquisition Inc. ("Mach") on August 2, 2019 to acquire 6.9 million Class B voting shares of Transat (the "Scheme"). As a result, Mach is not allowed to acquire any shares under its Scheme and is expected to return promptly to shareholders any shares already deposited by them to Mach under its scheme. Mach is also forbidden from using any proxies associated with shares deposited under the Scheme.

  • CNW Group

    Air Canada and Transat announce Increased Purchase Price to $18 per Share for 100% of Transat and Lock-up and Support Agreement with Transat's Largest Shareholder, Letko Brosseau

    MONTREAL , Aug. 11, 2019 /CNW Telbec/ - Air Canada and Transat A.T. Inc. ("Transat") announced today that Air Canada has agreed to increase the purchase price for the acquisition of all issued and outstanding shares of Transat, from $13 to $18 per share and have amended the Arrangement Agreement dated June 27, 2019 accordingly. Based on the increased consideration, the value of the all-cash transaction is approximately $720 million .

  • CNW Group

    Mach Responds to Transat's Abusive Defensive Tactics and Misleading Statements

    Mach Responds to Transat's Abusive Defensive Tactics and Misleading Statements

  • CNW Group

    Mach Provides Updated Locations for Roadshow Events Regarding its $14.00 Per Share Offer to Purchase Class B Voting Shares of Transat

    To register and attend the roadshow meetings, please contact Laurel Hill Advisory Group by telephone, toll-free at 1-877-452-7184 or by email at assistance@laurelhill.com. MONTRÉAL, Aug. 7, 2019 /CNW/ - Group Mach Acquisition Inc. ("Mach" or the "Offeror"), a wholly-owned subsidiary of Group Mach Inc., is pleased to announce that it will host a number of meetings in cities across Canada to provide more information and answer questions regarding its offer, dated August 2, 2019 , to purchase not less than 6,900,000 Class B Voting Shares (the "Shares") of Transat A.T. Inc. (TSX: TRZ ("Transat"), representing approximately 19.5% of the issued and outstanding Shares at a price of $14.00 per Share (the "Offer").

  • CNW Group

    Mach Announces Roadshow Events Regarding its $14.00 Per Share Offer to Purchase Class B Voting Shares of Transat

    To register and attend the roadshow meetings, please contact Laurel Hill Advisory Group by telephone, toll-free at 1-877-452-7184 or by email at assistance@laurelhill.com. Mach Inc., is pleased to announce that it will host a number of meetings in cities across Canada to provide more information and answer questions regarding its offer, dated August 2, 2019 , to purchase not less than 6,900,000 Class B Voting Shares (the "Shares") of Transat A.T. Inc. (TSX: TRZ ("Transat"), representing approximately 19.5% of the issued and outstanding Shares at a price of $14.00 per Share (the "Offer").

  • CNW Group

    Transat warns its shareholders against Mach's highly abusive, coercive, misleading and conditional scheme and urges them to reject it

    MONTREAL , Aug. 6, 2019 /CNW Telbec/ - Transat A.T. Inc. ("Transat"), one of the largest integrated tourism companies in the world and Canada's holiday travel leader, announced that it is filing today a complaint with the Tribunal administratif des marchés financiers, regarding Groupe Mach Acquisition Inc.'s highly abusive, coercive, misleading and conditional offer to acquire 6.9 million Class B voting shares of Transat (the "Class B Shares") made on August 2, 2019 (the "Scheme"), representing approximately 19.5% of Transat's Class B Shares.

  • CNW Group

    Transat Advises its Shareholders to Take No Action on Group MACH's Offer

    MONTREAL , Aug. 2, 2019 /CNW Telbec/ - Transat A.T. Inc. ("Transat") one of the largest integrated tourism companies in the world and Canada's holiday travel leader, today confirms it has taken note of Group MACH Inc.'s press release regarding its unsolicited mini tender offer to acquire 19.5% of Transat's Class B voting shares (the "Offer"). The special committee of the Transat's board of directors (the "Special Committee") is reviewing the terms of the Offer with its advisors for the purposes of making a recommendation to shareholders as to its terms. Transat shareholders are advised to TAKE NO ACTION on the Offer and NOT TO TENDER THEIR SHARES until Transat's board of directors has made a formal recommendation to shareholders. Having taken note of the press release announcing the Offer, the Special Committee will consider it with its advisors before making a formal recommendation to Transat's board of directors.

  • CNW Group

    Mach Announces $14.00 Per Share Offer to Purchase Class B Voting Shares of Transat

    The Offer is being made to all holders of Class B Voting Shares of Transat as of July 17, 2019 , being the record date set by Transat for voting at Transat's upcoming special meeting of shareholders to be held August 23, 2019 (the "Special Meeting"). Shareholders who were not holders of Class B Voting Shares as of the record date, and holders of other classes of securities of Transat, are not eligible to tender to the Offer.

  • CNW Group

    Transat A.T. Inc. Announces the Mailing of its Circular in Connection with the Special Meeting of Shareholders to Approve the Plan of Arrangement with Air Canada

    MONTREAL , July 23, 2019 /CNW Telbec/ - Transat A.T. Inc. ("Transat" or the "Corporation"), one of the largest integrated tourism companies in the world and Canada's holiday travel leader, announces the mailing this week to its shareholders of its management proxy solicitation circular (the "Circular") and related proxy materials in connection with the special meeting of shareholders to be held at 10:00 am on August 23, 2019 at the Sofitel Montreal Hotel located at 1155 Sherbrooke Street West, Montreal, Quebec , in accordance with the terms of an interim order of the Québec Superior Court obtained on July 17, 2019 . A copy of the Circular has been filed with Canadian securities regulatory authorities and may be found under the Corporation's profile on SEDAR at www.sedar.com and on Transat's website.

  • CNW Group

    Air Transat obtains ISO 14001 certification for its head office

    MONTREAL , July 16, 2019 /CNW/ - Air Transat, Canada's number one leisure airline, has achieved ISO 14001:2015 certification for its head office. The distinction conferred on the building at 5959 Côte-Vertu Boulevard in Montreal is the culmination of a long process by the company to implement a system for environmental management and continuous improvement of its sustainability practices. "We have just taken another significant step forward, and are very proud of this accomplishment, which reflects all of the environmental efforts made by our team," says Air Transat President Jean-François Lemay.

  • CNW Group

    Mach Clarifies Transat's Rejection of its Superior Proposal

    Mach Clarifies Transat's Rejection of its Superior Proposal

  • CNW Group

    Air Transat is synonymous with Sun to travellers from Quebec

    Air Transat is synonymous with Sun to travellers from Quebec

  • CNW Group

    Air Transat is synonymous with Sun to travellers in Western Canada

    Air Transat is synonymous with Sun to travellers in Western Canada

  • CNW Group

    Air Transat is synonymous with Sun to travellers in Ontario

    Air Transat is synonymous with Sun to travellers in Ontario

  • CNW Group

    Air Transat is synonymous with Sun to travellers from the Maritimes

    Air Transat is synonymous with Sun to travellers from the Maritimes

  • Benzinga

    Air Canada To Buy Transat

    Air Canada (TSE:AC) will acquire Transat A.T. (TSE:TRZ), the parent company of Canada's third-largest airline, strengthening its position as the country's dominant carrier.  The companies announced on ...

  • CNW Group

    L'OCRCVM permet la reprise de la négociation - TRZ

    L'OCRCVM permet la reprise de la négociation - TRZ