RE:TRANSAT UNLIKELY TO BE ACQUIRED BY QUEBEC BUSINESSMAN Sorry, I miss the logic... why would other institutional shareholders refuse 5$/share to support the CDPQ if they risk ending-up being washed-out by major refinancing ???
If Trz and AC agreed to move out of the deal before the final/official EU-commission's decision, it's probably not only for the official reason : "...and ultimately, Air Canada reached its limit in terms of concessions it was willing to provide the European Commission to satisfy their competition law concerns,"
Time is probably off essence before the federal budget, and some talks have been going on with the Feds to include aviation in the budget (2021). And to make this happen they needed to cut the UE waiting torture.
Michael Sabia as his plan completed and - politically, "now" is the time to move. Politic is all about timing...