Monday August 19, 2019
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Travelweek

Group Mach

War of words between Transat, Group Mach ramps up

Transat A.T. is facing off against Montreal developer Group Mach at a securities tribunal hearing over Mach's move to block the tour operator's sale to Air Canada.
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Transat calls Groupe Mach’s latest offer “highly abusive, coercive and misleading”

Transat is warning its shareholders of Groupe Mach’s “highly abusive” and “misleading” conditional offer for voting shares made on Aug. 2 in an effort to block Transat’s sale to Air Canada.
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Quebec developer Group Mach out of running to buy Transat

Group Mach said Wednesday it is no longer in the running to buy Transat A.T., stating the tour operator chose to ignore its proposal even though it featured a higher price than Air Canada's offer.
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Mach waives financing condition for Transat acquisition

Group Mach Inc. has submitted an amended version of its proposal to acquire Transat today, removing conditions related to financing from the Government of Quebec.
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Forget the exclusivity, says Group Mach, we’ll bid for Transat anyway

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.
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Transat, Air Canada stay the course as acquisition talks continue

While it has “taken note” of the announcement from Group Mach, offering $14 per share as part of an acquisition bid that would take the company private, Transat says it remains committed to its 30-day binding period of exclusive negotiations with Air Canada.
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