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In page Air Transat:
"By mid August, Air Canada rose its proposition by nearly 40% to C$18 per share from C$13, valuing the acquisition C$720 million ($544 million), to obtain backing from Letko Brosseau, Transat AT's largest shareholder with 19% of the company.[5] On 23 August, a 95% majority of Transat's voting shareholders approved the Air Canada proposal at C$18 ($13.53) per share, after the Quebec Administrative Court of Financial Markets rejected the rival bid from Groupe Mach on 12 August.[6] The proposed transaction should be publicly assessed by Transport Canada until 2 May 2020, before the buyout closes.[7]
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