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Transat Soars on Air Canada Pact

Baystreet.ca

Transat A.T. Inc. (T.TRZ) hit a new 52-week high of $12.50 Thursday. Transat AT announces that it has agreed to a 30-day period of exclusive negotiations with Air Canada pursuant to a letter of intent contemplating a transaction by which Air Canada would acquire all of the shares of Transat at a price of $13.00 per share. During such exclusivity period, it is contemplated that Air Canada will complete its due diligence review and the parties will finalize the negotiation of a definitive agreement regarding this transaction, the material terms of which are announced today.

Loblaw Companies Limited (T.L) hit a new 52-week high of $69.55 Thursday. No news announcements today.

Thomson Reuters Corporation (T.TRI) hit a new 52-week high of $87.50 Thursday. No news announcements today.

Air Canada (T.AC) hit a new 52-week high of $40.07 Thursday. No news announcements today.

Algonquin Power & Utilities Corp. (T.AQN) hit a new 52-week high of $15.58 Thursday. No news announcements today.

ML Gold Corp. (V.MLG) hit a new 52-week high of 27.5 cents Thursday. No news announcements today.

Shopify Inc. (T.SHOP) hit a new 52-week high of $365.27 Thursday. No news announcements today.

TC Energy Corporation (T.TRP) hit a new 52-week high of $64.69 Thursday. No news announcements today.

Waste Connections Inc. (T.WCN) hit a new 52-week high of $127.14 Thursday. No news announcements today.