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important link cheap jerseys Air Canada said on wholesale toddler jerseys Thursday that Canadian tour operator Transat AT Inc accepted its all cash bid of $520 million (US$396 million), but some Transat shareholders want more and must approve the transaction.Montreal based Air Canada pursued Transat to boost its leisure travel business against the backdrop of a potential turnaround at rival WestJet Airlines under a new owner.Canada largest airline secured Transat board approval for the $13 a share deal despite a challenge from Montreal real estate developer Group Mach, which weighed in with a $14 per share offer.Transat stock has surged more than 34 per cent since exclusivity talks with Air Canada began in May, closing wholesale jerseys for sale Wednesday at $14.19, as investors anticipated a sweeter deal.Transat bid takes twist as Quebec developer tops Air Canada offerWhy Transat’s best bet is Air Canada’s offer to buy it for $520 millionAir wholesale jerseys korea Canada hits new high on news of exclusive talks to buy TransatShares of Transat, which initially dropped 7.4 per cent on news of the deal, pared losses to $13.33, shortly after midday.Transat Chief Executive Jean Marc Eustache called the agreement best option for all our stakeholders, saying it would expand the Montreal based company. Transat, with 5,000 employees, also owns and operates Air Transat, Canada third largest airline.Mach offer had raised questions since the company first said it needed government financing to complete the deal, a condition it waived on Tuesday.Two thirds of Transat shareholders must approve the deal, a company spokesman said. Believe Air Canada offer doesn reflect the value of Air Transat, said Amar Pandya, a senior investment analyst and portfolio manager for Vancouver based PenderFund Capital Management, which holds 3.95 per cent of Transat shares according to IBES data from Refinitiv.Pandya encouraged other parties to make higher formal offers to the Transat board.Letko, Brosseau and Associates, Transat largest shareholder, had urged the company to drop the deal, The Globe and Mail reported last month. cheap jerseys

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