MONTREAL, Aug 23 (Reuters) - Transat AT shareholders on Friday approved Air Canada’s bid for the leisure group, in a deal that still requires domestic and European regulatory approval.
The country’s largest carrier has offered C$720 million ($540.70 million), or C$18 a share, bid for the tour operator, which runs budget carrier Air Transat. Air Canada sweetened its initial C$13 a share offer for Transat, locking up support from the tour operator’s largest shareholder Letko Brosseau.
Reporting by Allison Lampert
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