Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  TRANSAT AT Inc    TRZ   CA89351T4019

TRANSAT AT INC

(TRZ)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

TRANSAT AT : Canada's Group Mach says bid for Transat does not need Quebec financing

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/25/2019 | 11:36am EDT

(Reuters) - Real estate developer Group Mach Inc said on Tuesday its C$527.6 million bid to acquire Canadian tour operator Transat AT Inc does not need to rely on funding from Quebec, making the offer more attractive than Air Canada's.

Earlier this month, Group Mach made a bid for Transat, topping an offer from the country's largest airline Air Canada. Group Mach's offer of C$14 per share to take Transat private is C$1 more than Air Canada's offer.

Air Canada, however, has argued that its bid was more attractive than Mach's as it was fully financed and did not require taxpayers' assistance.

Montreal-based Transat is locked in an exclusivity period with Air Canada that ends on Wednesday.

Group Mach is hoping to expand in the leisure and hospitality business with the Transat deal, using its own expertise in developing Transat's hotel chains.

Air Canada and Transat did not immediately respond to Reuters' requests for comment.

Shares of Transat were up 2.9% at C$13.88, and those of Air Canada were down 1.5% at C$39.58.

(Reporting by Debroop Roy in Bengaluru; Editing by Shinjini Ganguli)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TRANSAT AT INC
07/23TRANSAT A.T. INC. : Announces the Mailing of its Circular in Connection with the..
AQ
07/16TRANSAT AT : Air Transat obtains ISO 14001 certification for its head office
AQ
07/09TRANSAT AT : Mach Clarifies Transat's Rejection of its Superior Proposal
AQ
07/04TRANSAT AT : Air Transat is synonymous with Sun to travellers from Quebec
AQ
07/04TRANSAT AT : Air Transat is synonymous with Sun to travellers in Western Canada
AQ
07/04TRANSAT AT : Air Transat is synonymous with Sun to travellers in Ontario
AQ
07/04TRANSAT AT : Air Transat is synonymous with Sun to travellers from the Maritimes
AQ
07/03TRANSAT AT : Quebec developer Group Mach withdraws $14-per-share bid for Transat
AQ
06/28AIR CANADA : and Transat A.T. Conclude Definitive Arrangement Agreement for Comb..
AQ
06/27TRANSAT AT : IIROC Trade Resumption - TRZ
AQ
More news
Financials (CAD)
Sales 2019 2 915 M
EBIT 2019 -37,7 M
Net income 2019 -22,7 M
Finance 2019 492 M
Yield 2019 -
P/E ratio 2019 -29,0x
P/E ratio 2020 113x
EV / Sales2019 -0,01x
EV / Sales2020 0,03x
Capitalization 460 M
Chart TRANSAT AT INC
Duration : Period :
TRANSAT AT Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TRANSAT AT INC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 12,43  CAD
Last Close Price 12,20  CAD
Spread / Highest target 14,8%
Spread / Average Target 1,87%
Spread / Lowest Target -38,5%
EPS Revisions
Managers
NameTitle
Jean-Marc Eustache Chairman, President & Chief Executive Officer
Annick Guerard Chief Operating Officer
Denis Pétrin CFO, VP-Administration & Head-Investor Relations
Bruno Leclaire Chief Information Officer & Vice President
Philippe Sureau Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TRANSAT AT INC105.04%350
BOOKING HOLDINGS INC10.32%82 264
ORIENTAL LAND CO., LTD.29.70%42 710
CHINA INT'L TRAVEL SERVICE CORP43.07%24 446
CTRIP.COM INTERNATIONAL50.63%22 561
EXPEDIA GROUP INC21.89%20 426