Air Canada is negotiating to buy Air Transat
The proposed deal would value Air Transat at $13 per share, a 22 per cent premium from the $10.58 a share the company was previously valued at on Wednesday. At $13, Air Transat is being valued around $520 million.
Air Transat announced earlier this month that they’ve been approached by other parties in the sale of the company.
In a recent report, Air Canada CEO Calin Rovinescu says the combination with Air Transat represents a great opportunity for stakeholders of both companies.
” Employees of both companies , who will benefit from increased job security and growth prospects” – Calin Rovinescu Air Canada CEO