Transat continues to back Air Canada bid following comments by Peladeau - Global News

Transat A.T. Inc. repeated its recommendation that shareholders support a takeover offer for the company by Air Canada after Pierre Karl Peladeau hinted he may make an offer.The travel company says it has never received an offer from Peladeau or any of his business associates to acquire Transat.READ MORE: Pierre Karl Péladeau dangles offer for Transat if Air Canada deal can’t take offTransat shareholders are set to vote on Air Canada’s offer of $18 per share on Friday. The company says there is currently no concrete alternative transaction on the table.On Monday, Peladeau, who said he owns about a 1.6 per cent stake in Air Transat’s parent company, said he plans to vote against the Air Canada bid because it is “contrary to the public interest.”WATCH BELOW: Air Canada in exclusive talks to takeover Air Transat

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August 20, 2019 at 08:32PM