Search found 175 matches

by aerodude
Thu Feb 11, 2021 8:20 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: AC/TRZ Transaction Approved by TC - $5 per Share

This deal is still far from finalized even with this announcement folks
Stand by......
by aerodude
Mon Jan 11, 2021 8:41 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

I don't know, do you write 3 letters to someone asking them not to do something if you don't think they're going to do it? He seems desperate. The TRZ board did reject a offer that was superior to AC. I sort of figured PkP wanted in. He is not going to stop now since he knows the public sentiment i...
by aerodude
Sun Jan 10, 2021 7:12 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

FL030 wrote: Sun Jan 10, 2021 6:24 pm He sounds like he thinks Garneau is going to approve it. The only hope this gets called off is if Europe says no.
If that’s what you interpret, I’m putting the probability of a merge at around 50% now. I was 90% a few weeks ago. Its a political win for the liberals if TRZ is handed to Quebecor.
by aerodude
Sun Jan 10, 2021 5:52 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

https://www.theglobeandmail.com/politics/article-peladeau-urges-ottawa-to-reject-air-canada-takeover-of-air-transat/ Quebec media baron Pierre-Karl Péladeau is urging the federal cabinet to deny Air Canada’s proposed takeover of Air Transat, offering to pay more for the struggling airline to guaran...
by aerodude
Tue Dec 15, 2020 10:24 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

This transaction will be approved both domestically and by the EU, with conditions. With the uptick in share price, AC is looking at what will likely turn out to be a virtual non-cash acquisition of TRZ. AC is an extremely motivated buyer looking forward to consummating the transaction as opposed t...
by aerodude
Tue Dec 15, 2020 9:35 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

With another investor interested the government may just shut this down to the benefit of the public and the employees. That's exactly what I was thinking. I would have said there is a good chance the merge would have been approved by goverment agencies but this lowered the chances of it now. Also ...
by aerodude
Tue Dec 15, 2020 7:46 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Updated Purchase Price at $5 per share

Looks like someone else had a competing bid for TRZ but the board didnt think it was "superior" than AC.
by aerodude
Sun Dec 13, 2020 3:05 pm
Forum: Air Transat
Topic: Q4 Results
Replies: 4
Views: 1453

Re: Q4 Results

Not really. There are losses and there are losses. Much of the deficit was non-cash losses that were included. For solvency, look at cash on hand and cash burn rate. Regardless, there is no viable alternative for TRZ than the AC revised offer. TRZ shareholders are already getting more than the offe...
by aerodude
Sat Dec 12, 2020 11:50 am
Forum: Air Transat
Topic: Q4 Results
Replies: 4
Views: 1453

Re: Q4 Results

Also a perfect way to deter any other company that wanted to outbid AC and pretty much corner the TRZ shareholders to vote yes. TRZ is going to have serious solvency issues sooner rather than later. There can always be surprises last minute in terms of bid or goverment rejection but looks like AC is...
by aerodude
Mon Oct 12, 2020 11:41 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

FL320 wrote: Mon Oct 12, 2020 11:39 am Forget Groupe Mach...they’re losing tons of money with the non renewal of rents downtown Montreal.
Eustache wants to sell to AC only and; AC want Transat.
Of course, but shareholders have the voting power, they will call the shots.
by aerodude
Mon Oct 12, 2020 11:36 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Or they are just using the same strategy they used the first time around, offer the lowest possible price as a starting point, and then raise it if they have to. No point in paying more than you need to. I seriously doubt 5 bucks is their max ceiling. Maybe, but the CEO has a fiduciary responsibili...
by aerodude
Mon Oct 12, 2020 11:18 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

So you are guaranteeing a possibility? The probability of someone bidding for TRZ is there, the guarantee is AC walking away if that probability occurs. There is a real political scenario where a Quebec based firm comes to the rescue and bids. I’ve always said this transaction was over priced with ...
by aerodude
Mon Oct 12, 2020 11:10 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

I think the single most important piece of information we just learned is being overlooked. AC has spoken clearly on their intentions. Something we have been waiting for. They could have walked. They didn’t. They wanted a better price of course, but they still want the acquisition. The pandemic has...
by aerodude
Sat Oct 10, 2020 5:50 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

After rereading multiple times, this is an immensely sweet deal for AC but this deal can actually not materialize and can still be voided if regulators say no. Someone can also now bid for 6$/share or higher for Transat and if AC does not match it, TRZ only has to pay AC a 10 million break up fee. A...
by aerodude
Sat Oct 10, 2020 1:37 pm
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

-layoff 20,000 workers -ask remaining air canada pilots for a paycut. -buy another airline right after the MOA is signed for pennies on the dollar. AC management deserve every dollar in bonus when all this is done! Never let a good crisis go to waste. This will be a great case study in future MBA cl...
by aerodude
Sat Oct 10, 2020 9:21 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

AC just officially closed the deal. 5$/share. To be concluded soon. :smt040
by aerodude
Mon May 25, 2020 8:16 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Probably the best outcome or news that Transat could get so far in the current situation; delays. There is no way AC would be able to absorb the transaction right now (mid-2020 was the estimate initially). Holding on and waiting for an extra 4 months will be hard for Transat I guess, but at least i...
by aerodude
Sat May 16, 2020 9:48 am
Forum: Air Canada
Topic: The Return to Normal?
Replies: 400
Views: 77329

Re: The Return to Normal?

Unless your bail out is on the condition you merge with Transat. Yes, but bailing out each airline individually might be cheaper and allow TRZ and AC to remain afloat. There is zero public support to hand money to AC just so they can buy another airline in this crisis, even in Quebec. The optics ar...
by aerodude
Sat May 16, 2020 9:26 am
Forum: Air Canada
Topic: The Return to Normal?
Replies: 400
Views: 77329

Re: The Return to Normal?

CR is also placing a bet that JT does not want to see his TRZ puppy drowned (JT doesn’t care about TRZ but he does care about votes in La Belle Province). Perhaps JT won’t blink. So be it. But this “sunny ways” crap does not work when times are tough. Now it is the big leagues and actions (or lack ...
by aerodude
Tue May 12, 2020 8:40 am
Forum: Air Transat
Topic: AC/TRZ Transaction Approved by TC - $5 per Share
Replies: 1679
Views: 199307

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

:cry: Where does it say that it's for the A220's? “Le prêt est garanti par les quatre avions Airbus A220 récemment acquis par Air Canada et 14 autres que l’entreprise doit recevoir d’ici la fin de l’année. Les fonds peuvent être utilisés « aux fins générales de l’entreprise », a indiqué Air Canada.”...

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