Shareholders of Montreal-based Transat A.T. voted Aug. 23 in favor of Air Canada’s takeover bid, ending months of uncertainty and paving the way for review by Canadian regulatory authorities in the coming weeks. The transaction was approved by 95% of Transat shareholders, with approximately 70% of eligible shareholders participating. The proposed transaction would see Air Canada acquire Transat, including its Air Transat operating division, at C$18/share ($13.60), valuing the ...

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