Air Canada to buy Transat for $13 a share
Quote:
The company that owns Air Transat has agreed to be taken over by Air Canada for $13 a share.
The two companies announced in May they had entered negotiations toward a possible deal, and gave themselves 30 days to hammer out the details.
That period expired on Wednesday, and on Thursday morning they announced a deal that would see Air Canada buy Transat A.T. Inc. for $13 per share, which values the company at $520 million.
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So will this make Aeroplan any better?