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Transat said that while it was aware of Group Mach’s interest in the company, it hadn’t received a proposal. Now Group Mach has announced it will rectify that, with a formal offer coming before Transat’s exclusive talks with Air Canada end on June 26.
A large sign warns motorists that Iceland’s Fjadrargljufur canyon is closed to visitors but drivers keep on coming down the narrow gravel road. A ranger at a roadblock has to explain why no one can pass: The vulnerable landscape cannot sustain more visitors.
MONTREAL — Air Canada's interest in buying rival Transat AT Inc. for about $520 million got positive feedback from industry watchers and stock traders Thursday after the two companies announced they're in exclusive talks to finalize a deal.