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Transat A.T. Inc. (Air Transat) has 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 December 15, 2020. The Arrangement Canada Transportation Act and the  European Union Council Regulation (EC) No. 139/2004, as well as certain customary and other closing conditions. Further information regarding the Arrangement is provided in ...

The Government of Ontario has recently amended the Pension Benefits Act (PBA) when it passed the Better for People, Smarter for Business Act. A key change is that employers of certain individual pension plans (IPPs) or designated plans (DPs) can elect to exempt their plans from the application of the PBA, its regulations and FSRA's rules. Employers who wish to exempt their IPPs or DPs from the PBA must complete and submit a PBA Exemption Election Form and the applicable consent forms to FSRA. In addition to the exemption for IPPs and DPs, the Bill also introduces amendments that allow FSRA ...

Share: superior proposal" Transat Board reconfirms its unanimous support FOR the acquisition by Air Canada MONTREAL, Dec. 15, 2020 /CNW Telbec/ - Following recent media reports that potential competing proposals for the acquisition of Transat A.T. Inc. (" Transat" or the " Receipt of Only One Alternative Proposal In late November 2020 Transat received an unsolicited proposal from a private investor, who is not actively involved in the airline and tourism industries, (the " New Offeror") for the acquisition of all of the issued and outstanding shares of the Corporation (the " Competing Prop...