June 25, 2019 / 3:14 PM / 5 months ago

BUZZ-Transat shares gain after Group Mach waives financing conditions for buyout bid

** Canadian tour operator’s shares rise 3.3% to C$13.93

** Real estate developer Group Mach Inc waives financing conditions relating to C$527.6 mln buyout offer for TRZ

** Group Mach previously said deal is contingent on government of Quebec providing about C$120 mln in acquisition financing

** Group Mach’s C$14/shr offer for TRZ is C$1 above Air Canada’s earlier offer; AC and TRZ are locked in an exclusivity period that ends on Wednesday

** Air Canada shares fell 1.6% to C$39.52

** TRZ stock has more than doubled YTD (Reporting by Debroop Roy in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below