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Transat AT Inc T.TRZ

Alternate Symbol(s):  TRZBF

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

Bullboard Posts
Comment by shareholders1on Mar 28, 2020 11:40am
156 Views
Post# 30855858

RE:RE:RE:RE:RE:RE:RE:RE:RE:Ouch.

RE:RE:RE:RE:RE:RE:RE:RE:RE:Ouch. What bothers me most is that you bashed others in preceding posts, such as macrorobert and glindway6. You are an idiot.

I asked that you point to specific sections to back up your "It's in the contract people."  Still no specifics from you. Idiot.

Your childish non-sense posts try to imply that you are able to read and understand the Plan of Arrangement. If you had read it and comprehended, you have had several days to re-read it  and tell everyone what it says. You still have not figured it out. Idiot.

You need help understanding, so here it is. But this is really for the people you mislead, not for you, Idiot:

See Sedar, June 29, 2019  Document, At page 53, Section 6.2(6):

"   (6) Material Adverse Effect. Since the date of this Agreement there shall not have occurred a Material Adverse Effect and the Corporation has delivered a certificate confirming same to the Purchaser, executed by two (2) senior officers of the Corporation (in each case without personal liability) addressed to the Purchaser and dated the Effective Date. "

If you knew and understood the document, you would not have quoted from the item on BNN ("Material adverse effect has been triggerred"), and you would have known the BNN item made no sense and was misleading, at best. Idiot.

You made it worse by echoing and emphatically stating "It is in the contract people." It is clear you do not know what is in the contract. Idiot.

Whether there is a Material Adverse Effect is a question of both fact, analysis and interpretation. The Corporation and Purchaser ultimately conclude and either agree or disagree on that.  

Words such as "Material Adverse Effect has been triggered" effectively mean the deal is dead. There would be an announcement.

So if you have figured it now, finally, please tell us, has the "Material Adverse Effect clause been triggered"?,  And where in the contract, per your instructions, do we people look to find that? Idiot.
Bullboard Posts