TRZ.TO - Transat A.T. Inc.

Toronto - Toronto Delayed Price. Currency in CAD
15.28
+0.08 (+0.53%)
At close: 4:00PM EDT
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Previous Close15.20
Open15.25
Bid15.26 x 0
Ask15.32 x 0
Day's Range15.13 - 15.37
52 Week Range4.50 - 17.00
Volume62,688
Avg. Volume277,857
Market Cap575.865M
Beta (3Y Monthly)1.12
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2008-12-29
1y Target EstN/A
  • Benzinga

    Air Canada's Transat Purchase Faces Additional Government Scrutiny

    Air Canada (TSX:AC) will face an additional level of government scrutiny as it seeks to acquire Transat (TSX:TRZ), delaying the deal by as much as nine months. Transat also offers cargo services, which accounted for a portion of the C$135 million it recorded as "other" revenue in 2018.

  • Bloomberg

    Air Canada’s Transat Bid Looks Shakier Than Ever to Market

    (Bloomberg) -- After battling a rival bid, Transat A.T. and Air Canada now have one more thing to worry about. The gap between Transat’s share price and Air Canada’s takeover bid is sitting at the widest ever -- indicating investors aren’t confident the deal will get done.Transat’s stock fell as much as 5.9% Tuesday to C$15.03 ($11.33), the biggest drop since early July. That’s nearly C$3 below Air Canada’s offer of C$18 a share or C$720 million, which was raised earlier this month in an attempt to fend off an unsolicited bid from Quebec real-estate developer Group Mach Inc.The tour operator’s shareholders voted 95% in favor of the Air Canada bid last Friday. It’s now subject to other closing conditions, including approval under the Canadian Competition Act, the Canada Transportation Act and European Council regulations.Canada’s transport minister Marc Garneau said Monday that officials need until May to review the proposed acquisition in order to ascertain whether the deal is in the best interest of the public.The competition review is anticipated “to be the most strenuous given the overlap of the companies in Montreal and Quebec markets,” AltaCorp Capital analyst Chris Murray said in a recent note. “The upcoming federal election could also expose the transaction to heightened levels of political discourse, which could make regulators reticent to approve relevant reviews.”However, Murray said he believes the deal will ultimately get the required approvals and will close by 2020.Scotiabank analyst Konark Gupta agreed that the deal will eventually get done but added that the “Competition Act approval could be relatively more tedious compared to other regulatory and government approvals” due to substantial overlap between the two companies in sun destinations and transatlantic markets.(Updates with Tuesday’s share move in second paragraph.)\--With assistance from Divya Balji.To contact the reporter on this story: Kristine Owram in Toronto at kowram@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Divya BaljiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 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.

  • 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 ...

  • Thomson Reuters StreetEvents

    Edited Transcript of TRZ.TO earnings conference call or presentation 13-Jun-19 2:00pm GMT

    Q2 2019 Transat AT Inc Earnings Call

  • Reuters

    Air Canada bids for tour operator Transat, regulatory hurdles seen

    Air Canada's bid to buy Canadian tour operator Transat AT would boost its leisure travel business at a time when the carrier faces a potential turnaround in rival WestJet Airlines, but the deal could attract regulatory scrutiny. Canada's largest airline said on Thursday it is in exclusive talks to buy the parent company of leisure carrier Air Transat in an all-cash deal valued at C$520 million ($387.5 million), marking the second aviation deal in Canada this week. Air Canada shares were up 1.7%.

  • Volatility 101: Should Transat A.T (TSE:TRZ) Shares Have Dropped 40%?
    Simply Wall St.

    Volatility 101: Should Transat A.T (TSE:TRZ) Shares Have Dropped 40%?

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the main game is to find enough winners to more than offset the losers So we wouldn't blame...

  • Thomson Reuters StreetEvents

    Edited Transcript of TRZ.TO earnings conference call or presentation 14-Mar-19 2:00pm GMT

    Q1 2019 Transat AT Inc Earnings Call

  • What does Transat A.T. Inc.’s (TSE:TRZ) Balance Sheet Tell Us About Its Future?
    Simply Wall St.

    What does Transat A.T. Inc.’s (TSE:TRZ) Balance Sheet Tell Us About Its Future?

    The direct benefit for Transat A.T. Inc. (TSE:TRZ), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. However, the trade-offRead More...

  • Thomson Reuters StreetEvents

    Edited Transcript of TRZ.TO earnings conference call or presentation 13-Dec-18 3:00pm GMT

    Q4 2018 Transat AT Inc Earnings Call

  • Read This Before Buying Transat A.T. Inc. (TSE:TRZ) Shares
    Simply Wall St.

    Read This Before Buying Transat A.T. Inc. (TSE:TRZ) Shares

    It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have Read More...

  • Simply Wall St.

    What Does Transat AT Inc’s (TSE:TRZ) PE Ratio Tell You?

    This article is intended for those of you who are at the beginning of your investing journey and want to begin learning about how to value company based on its Read More...

  • Reuters

    CANADA STOCKS-Futures edge higher as global stocks rebound

    Oct 12 - Stock futures for Canada's main stock index edged higher on Friday, tracking global equity markets, which bounced back after a sharp selloff this week. December futures on the S&P/TSX index were ...

  • Canada's Air Transat says airline deal with Thomas Cook could expand
    Reuters

    Canada's Air Transat says airline deal with Thomas Cook could expand

    Canada's Air Transat (TRZ.TO) could expand a partnership deal with the airline arm of British tourism group Thomas Cook (TCG.L) to include codesharing and interlining, the boss of the Canadian carrier said. Codesharing is a way of airlines selling each other's tickets and then sharing passengers on a flight offered by the partner airline, while interlining involves partner airlines operating one connection on a two-leg journey. Thomas Cook declined to comment.

  • Thomson Reuters StreetEvents

    Edited Transcript of TRZ.TO earnings conference call or presentation 13-Sep-18 2:00pm GMT

    Q3 2018 Transat AT Inc Earnings Call