Transat A.T. Inc. is warning shareholders against what it calls an 91裸聊视频渁busive91裸聊视频� and 91裸聊视频渕isleading91裸聊视频� move by Montreal real estate developer Group Mach to block the tour operator91裸聊视频檚 sale to Air Canada.

Transat says it has filed a complaint with Quebec91裸聊视频檚 securities tribunal concerning Group Mach91裸聊视频檚 effort last week to scoop up 19.5 per cent of Transat91裸聊视频檚 shares at $14 per share in order to stop the pending acquisition.

Transat says its board rejects Group Mach91裸聊视频檚 bid as a 91裸聊视频渟ignificant risk91裸聊视频� to shareholders that disregards their interests and subverts financial market rules.

The offer from Group Mach chief executive Vincent Chiara represents an eight per cent premium over Air Canada91裸聊视频檚 $13 per share offer, which Transat91裸聊视频檚 board approved in June.

Group Mach hopes to secure 91裸聊视频渁t least91裸聊视频� 6.9 million Class B shareholders at a cost of about $97 million.

The CEO said last week he believes Air Canada under-values Transat, saying its sale process to the country91裸聊视频檚 largest airline was flawed and full of uncertainty for Transat employees and its Montreal head office.

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The Canadian Press

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