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Air Canada-Transat merger called off as EU says concessions insufficient

  • Air Canada (OTCQX:ACDVF) is scrapping its planned takeover of vacation operator Transat (OTC:TRZBF), after the European Union said it offered insufficient concessions to address competition concerns.
  • "The proposed transaction would raise competition concerns on a large number of transatlantic routes," EU

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SymbolLast Price% Chg
ACDVF--
Air Canada
TRZBF--
Transat A.T. Inc.