Transat AT Inc T.TRZ

PRIVATE BUYER SEES A BARGAIN...........

[insidersnoop1]

Update: Chorus Aviation Confirms It Has Received A Takeover Offer; Last Seen Up 6.75% Today 2020-10-23 02:54:38 PM ET (MT Newswires)

02:54 PM EDT, 10/23/2020 (MT Newswires) -- In response to a request from IIROC, Chorus Aviation Inc. (TSX: CHR) confirmed Friday that it has received a preliminary, non-binding acquisition proposal from a third party that is subject to a number of significant conditions. It said there can be no assurance that any transaction will occur, or as to the timing, structure or terms of any transaction. Chorus does not intend to make further comment unless or until there is a transaction to announce. Chorus was last seen up 6.75% at $2.53 today, having touched a day high $2.59 and it has jumped from $2.26 at the open of trade on Thursday, October 22. Price: 2.53, Change: +0.16, Percent Change: +6.75

[stockfy]

Do you believe that TRZ could receive another higher offer from another buyer? A Chinese company maybe?

[Curious777]

The situation where the competition bureau - here in Canada and/or in Europe - would reject the transaction is not yet covered. Difficult for a third party to jump in at this point cause to compete with AC's offer they need to bid at least 9$, cause   if the green light is given, the Trz-AC synergy will make an important lift off. This is why I believe that other offers will

[trader520]

Hmmmm......I disagree with the compettion bureau statement.....Reason being: Lets say ABC Advertising buys it (a 100% Canadian company )....the competiton bureau of Canada or the EU would have no issue with that, being no competing service will be lost to the traveller. What makes the deal with Air Canad so difficult to approve, is that AC will have 65% of North Atlantic market, and 50% of South

[Curious777]

A "quasi-monopoly" is a great place to be... And only the AC deal could offer this advantage to Transat shareholders who will opt for a fraction 28,62% of the AC share instead of the 5$cash deal. And soon or later, perhaps even the day after the deal, the "quasi-monopoly" advantage will have a lift-off effect on the AC price share. Considering this unique advantage on AC

[Curious777]

Also interesting to zoom in the situation that prevailed on August 23th 2019, when Transat shareholders approved the 18$/share offer by AC,  At that time, the AC share price was around 42$, for a 18/42=43% ratio. Taking into account that : 1. the deal never went through because of lack of rapid approval by the Monopoly bureau followed by the COVID crisis. It might very well never been