Canada markets closed

Transat A.T. Inc. (TRZ.TO)

Toronto - Toronto Real Time Price. Currency in CAD
Add to watchlist
4.85000.0000 (0.00%)
At close: 4:00PM EST
Sign in to post a message.
  • C
    Colin
    Greetings all,

    I have called my Broker and instructed them that I want AC shares if/when the deal closes, they have advised that it is too early to select a payment option. They said to call back when the deal is done and select payment option at that time.

    I am afraid that when the deal is finalized I will not be given the choice to select my preferred option and will instead get $5.

    Suggestions?

    (I’m with CIBC)
  • M
    Mousuf
    what happens if someone buys this now and hold until official takeover? how would the conversion work? $5 or share exchange? can't seem to find the right answer anywhere ☹
  • G
    Guled
    I missed the vote and did not return the Letter of Transmittal and Election Form prior to the vote day. Does this now mean that I am part of the $5.00 CAD payout for my stock? Sorry new to this and just want to get some insights? Not sure if this means that (as of Jan 8th closing price) you lose .35 cents per stock?

    Not sure if it is too late to declare my intentions? Trading with TD.
  • S
    SAM 7
    my bank told me They will be converted automatically to A/C shares
  • M
    Mousuf
    When is this deal officially done?
  • M
    Max
    Transat says it expects regulatory approval for its takeover by Air Canada on Feb. 15. will stock be converted to AC ?
  • A
    AI
    If I buy the shares today. Can I get AC shares if buyout happens
  • J
    JITENDER
    6 dollars offered to air transat
  • D
    Dragon
    Going to Air Canada in 2 weeks. Pls be prepared to take off and forget about the rest!
  • J
    Jatinder
    shareholders wishing to receive the share consideration (i.e. 0.2862 shares of Air Canada ), must return the Letter of Transmittal and Election Form, attached to the Circular, to AST Trust Company (Canada), acting as the depositary, by 5:00 p.m. (Montréal time) on or before the date that is two business days prior to the date of completion of the Transaction (the "Election Deadline").
  • A
    AI
    Well. I thought Covid will be end by summer. Buy looks like buyout is going to happen....I hope it's gonna be sooner. So I can sell my AC shares.
  • T
    TT
    Hey all, I'm very new to this and would appreciate if someone can explain the conversion ratio to me!
    I read from the article

    " Air Canada shares issuable under the share payment election will be issued on the basis of a price of $17.47 per Air Canada share, translating into an exchange ratio of 0.2862 Air Canada shares per Transat share."

    Does this mean, if you chose to not convert, you will receive $5 in cash, but when you convert you will receive the current price of air canada share x 0.2862 or the price of 17.47?
  • S
    SAM 7
    share exchange option x 0.268 time a/c shares. x 26 = 7$
  • r
    reginald
    Fyi: Just spoke with the American stock transfer agency at 1 (800) 387-0825 and they confirmed that the 5.00 is a done deal and that soon after its completion air transat will be delisted therefor anyone who did not pick to either get paid or transfer his air transat shares to air canada by the due date of december the 11th will be paid 5.00 per share regardless of curent transat price. Basically she told me to sell if i have a profit otherwise she’s not sure what will happen to anything over that 5.00 that i may have as profit or loss.
  • S
    SAM 7
    0.286 x 26.10 a/c trz share =7.46$ Cad
  • J
    JITENDER
    deal was 5 dollars stock why it is 5.50 right now
  • S
    SAM 7
    X 0.2862 a/c shares. do your math 😁
  • Q
    Quwat Khan
    how much drop we are expecting after the financial results announced?
  • S
    SAM 7
    basically if you don't touch your shares. End of the deal, they will swap to AC shares. by multiplying it X 0.2862
  • J
    John # 2
    I don’t see any reasons why Transat won’t become a part of AC. I have done some flights on Transat in the past and despite it being a tough year for all airlines welcome shareholders to the AC family :) I think together it’s a strong airline