** Shares of Canadian international tour operator Transat AT Inc up 3.1% at C$11.96; Air Canada down 0.5% at C$40.14
** Co’s top investor urges to drop out of Air Canada deal, The Globe & Mail reported
** Earlier in May, Air Canada said here it was in exclusive talks to buy the parent company of leisure carrier Air Transat in an all-cash deal valued at C$520 mln
** The deal, which has not yet been presented to shareholders, requires approval of two-thirds of Transat investors, the report said
** Shares of Air Canada have risen ~55% this year, while those of Transat doubled to ~101% in the year to date (Reporting By Arundhati Sarkar in Bengaluru)
