Transat AT Inc T.TRZ

Alternate Symbol(s): TRZBF

Consumer Cyclical Leisure

Transat A.T. Inc. is a Canada-based provider of leisure travel particularly as an airline under the Air Transat brand. The Company's core business consists of a Canadian leisure airline, offering international and Canadian destinations, and is vertically integrated with its other services of holiday packages, distribution through a travel agency network and value-added services at travel destinations. The Company, through its business units, is focused on four business segments: air transportation, outgoing tour operators, destination services and retail distribution. It flies to international destinations in the Americas and Europe, and offers domestic and connecting flights within Canada. Its destination services offer a range of products for customers of outgoing tour operators: hospitality and representation, excursions, tours, sports and other activities, specialty services and others. Its retail distribution consists of providing advice to travelers and selling consumer products.

TSX:TRZ - Post by User

Transat AT Inc

Bullboard Posts

Comment by Bookendson Aug 29, 2019 11:14am

93 Views

Post# 30079265

RE:RE:Market's insanity... TRZ vs CFP

How fast do you suppose CFP would get the money??
I would say somewhere in Q1 2020...

By the time the board approves (1 months)... Time to file a proxy and have an AGM (2 months)... Time for the other regulatory approvals (1 month)... Time for the majority owner to find the financing and pay the minority holders (1 month)... I'm at 5 months here... While TRZ would be 10 months?

The only reason the CFP bid gets Jimmy up is from opposition from minority stakeholders... And who knows where that can go? The deal could just fall apart and the shares fall back to 8-9$

If TRZ's deal falls apart, the SP would go to 13-14$ as Mach would probably still be there!

TRZ's shareholders have already approved while CFP's haven't approved anything... It shouldn't be such a problem, but the lumber market is a crazy lows and the minority holders are really giving it up at the worse possible time. Some institutionnal guys might not want to give it up.

True... Trz's deal is going to be subject to much higher regularoty scrutiny... That being said, the competition bureau never blocked a deal with 2 canadian companies... Do you think AC didn't know it would have to deal with them and the transport minister before making a 13$ and 18$ offer?? They will work things out and have the deal in the end.

So, on one hand,

1- I get 5.2% in 5 months... with a risk the board says no... with a risk shareholders say no...and a risk that the SP goes to 8-9$... And with a chance that the bid gets sweetened down the line...

2- I get 18.5% in 10 months... with the only risk that the competition bureau blocks the deal entirely and the SP goes down to 13-14$... and with no chance of a sweetener...

I will take option 2 any day of the week!

nelson07 wrote:
Not so insane.In many cases,the first bid is not the last.

While the review of Canfor bid may well be accepted by the special committee,there is a
possibility that Jimmy ups his low bid for CFP.

Also, it doen't have to pass any review like the TRZ-AC bid since it is not a merger.

Also it will not take as much time for CFP shareholders to get their $$$.

And lastly,there is a possibility that the TRZ-AC merger doesn't go through.

I am a CFP shareholder and feel a lot more confident on the CFP deal than
the TRZ one.

I was a TRZ owner and sold to fast at $13.25.

Good luck to all