AC and TRZ Agree to Terminate Arrangement

[TT1900]

The feds should approve it just to spite that separatist scumbag. Also love how he's making this offer banking on a bailout.

[tsgas]

The feds should approve it just to spite that separatist scumbag. Also love how he's making this offer banking on a bailout.

A bailout and/or a nice tax write off.

[FL030]

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.

[aerodude]

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 is anti-airline right now.
He could pull it off given the current goverment salivating on public sentiment.

[Localizer]

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 is anti-airline right now.
He could pull it off given the current goverment salivating on public sentiment.

I’m sorry ... Superior??? How would you consider his bid superior to AC’s offer? They have no experience in the industry and the conversions offer more long term gain for investors.

[milhouse]

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 is anti-airline right now.
He could pull it off given the current goverment salivating on public sentiment.

Wasn't a superior offer though. With the option to convert TRZ shares into AC shares, the AC deal works out to about 6.53$ per share at today's valuation. Over 7$ when the vote actually took place.

[Thorjones]

I think almost every AC pilot is now cheering for this Quebec nationalist

[North Shore]

Best comment so far I've seen came from the Globe and Mail comments this morning....something along the lines of believing that a cable TV owner wants to ensure competitive pricing and consumer options...

[FL030]

Sounds like Garneau is getting replaced tomorrow. Pierre wasted his ink.

[Localizer]

Interesting development ... Garneau is out.

What does that mean for the transaction (delay tactic?), what does that mean/signal about industry specific support?

We have to be optimistic .. maybe?

[Tdicommuter]

Lol. Kinda funny TRZ board took the time to clarify that Peladeau is not telling the truth.

Flightglobal: Transat rejects takeover bid from billionaire investor | News | Flight Global.
https://www.flightglobal.com/strategy/t ... 32.article

[nowind]

TRZ stock trading under 5$, what's up with that?

[Curiousflyer]

TRZ stock trading under 5$, what's up with that?

The stock has been on a steady decline since mid December, likely due to the Canadian governments delay in approving the deal. It’s become political now and I don’t think Canada will come out with a decision until the Europeans do, which puts strain on whether or not this deal will get approved by regulators or not.

[Localizer]

Interesting article in this mornings globe and mail.

Sunwing believes the AC/AT deal is good for the industry.

https://www.theglobeandmail.com/busines ... RDHkm-9HjE

[rudder]

Interesting article in this mornings globe and mail.

Sunwing believes the AC/AT deal is good for the industry.

https://www.theglobeandmail.com/busines ... RDHkm-9HjE

Hunter knows that AC will rationalize capacity post merger.

TATL capacity changes are of no consequence to SWG. Sun destination capacity changes are.

SWG is probably banking on the likelihood that ACV and Transat Travel will also rationalize capacity in the packaged vacation market which is actually the core SWG business.

[altiplano]

"Rationalize capacity."

ie. fewer flights, less metal.

[tsgas]

"Rationalize capacity."

ie. fewer flights, less metal.

fewer people

[ayseven]

PKP is not a good politician, maybe (I hate his politics), but he runs a good show at Videotron. He is, however, pretty anti-union. Just ask the Journal de Montreal people. I'd be careful wishing for him to be my patron.

[Localizer]

As we enter the last week of January 2021, will we finally hear the governments position on this deal? Or will we continue to wait on the EU, which is probably waiting on the Canadian government?

[rudder]

As we enter the last week of January 2021, will we finally hear the governments position on this deal? Or will we continue to wait on the EU, which is probably waiting on the Canadian government?

EU will be acting independently. Current forecast decision date is Feb 09.

If there is anybody ‘waiting’ it is the feckless Canadian government.