Proxy advisory firm ISS recommends Transat shareholders support Air Canada offer

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Category: Economic
Published Tuesday, August 13, 2019
CTV News

MONTREAL - An independent proxy advisory firm is urging Transat shareholders to support the proposed $720-million takeover of the tour operator by Air Canada.

Institutional Shareholder Services Inc. recommended on Sunday that shareholders vote in favour of the deal based on the original price of $13 per share and reiterated its support when Air Canada boosted its offer to $18 per share or about $200 million more.

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