RE:Pierre-Karl PéladeauPeladeau offered $5 but that was before the last couple of quarters. By the end of this month they have lost how much? As I reall last quarter over $2 a share and will be another $2 this quarter. Line of credit ends in June and they need a $500 million operating line of credit. I am leaning more to Creditor Protection where Peladeau could pick up the company for much less.
It will be interesting to see if Transat halts it stock pending an announcement for awhile... My thought is they should. That said I can see the stock price drop to $2 pretty quick given the company itself said it may not survive if the deal with AC does not go through! Time will tell I guess.