Business
Transat Announces Receipt of Final Court Approval for the Transaction with Air Canada
Transat Announces Receipt of Final Court Approval for the Transaction with Air Canada ...
About this update from Transat A.t. Inc.
[{"type":"text","content":"\n \n \n \n Transat Announces Receipt of Final Court Approval for the Transaction with Air Canada\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n MONTREAL\n \n ,\n \n Dec. 18, 2020\n \n /CNW Telbec/ - Transat A.T. Inc. (\"Transat\") today announced that the Superior Court of Québec has issued a final order approving the previously announced plan of arrangement with Air Canada (the \"Arrangement\"). The Arrangement was also approved by 91.05% of the votes cast by shareholders present in person or by proxy at the special meeting of Transat held on\n \n December 15, 2020\n \n .\n \n \n The Arrangement remains subject to the applicable regulatory approvals such as the approvals under the\n \n Canada Transportation Act\n \n and the\n \n European Union Council Regulation (EC) No. 139/2004\n \n , as well as certain customary and other closing conditions.\n \n \n Further information regarding the Arrangement is provided in the management proxy circular dated\n \n November 12, 2020\n \n .\n \n \n \n Letters of Transmittal and Election Forms\n \n \n Registered shareholders of Transat wishing to receive the share consideration must return the Letter of Transmittal and Election Form, attached to Transat's management proxy circular dated\n \n November 12, 2020\n \n , to AST Trust Company (\n \n Canada\n \n ), acting as the depositary, by\n \n 5:00 p.m.\n \n (Montréal time) on or before the date that is two business days prior to the date of completion of the Arrangement (the \"Election Deadline\"). Non-registered shareholders of Transat should carefully follow the instructions of the intermediary holding their Class A variable voting shares or Class B voting shares of Transat (together, the \"Shares\") on their behalf. Transat will include notice of the Election Deadline in a press release disseminated over newswire service in\n \n Canada\n \n at the latest on the business day immediately before the Election Deadline\n \n \n Investors who purchase Shares of Transat shortly before the completion of the transaction are advised...