FlyerTalk Forums - View Single Post - Could AC Buy Transat? 16May19 Update: AC enters into agreement to buy Transat
Old May 1, 2019, 12:18 am
  #14  
pitz
 
Join Date: Apr 2002
Location: YXE
Posts: 3,050
If AC bids and pushes up the price, such has the effect of weakening a potential non-AC acquisitor. So basically its in AC's best interest to put a bid pretty no matter what happens.

A cursory look at the financials shows ~$600M of book value of the company, and a current market cap of ~$320M. So there's definitely value there . The aircraft, minus the end of life A310's, basically integrate cleanly into their fleet (the 737-800s could even survive pending AC's determination of the 737Max outcome).
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