Oct 10 (Reuters) - Air Canada AC.TO :
* AND TRANSAT A.T. INC. CONCLUDE AMENDED TRANSACTION FOR COMBINATION OF THE TWO COMPANIES
* REDUCED $5.00 PURCHASE PRICE REFLECTS POST-COVID-19 REDUCTION IN AIRLINE VALUES
* AIR CANADA APPROVES $250 MILLION OF INCREASED BORROWINGS BY TRANSAT PENDING TRANSACTION COMPLETION
* TRANSAT BOARD OF DIRECTORS UNANIMOUSLY APPROVES AMENDED TRANSACTION AND RECOMMENDS SHAREHOLDER APPROVAL
* VALUE OF TRANSACTION IS APPROXIMATELY $190 MILLION