MONTREAL, Dec 15 (Reuters) - Transat A.T. Inc TRZ.TO shareholders on Tuesday approved a revised buyout offer from Air Canada AC.TO , a spokesman for the Montreal-based tour operator said.
Air Canada in October slashed its price to buy Transat by almost 75%, with the deal now worth about C$188.7 million ($148.17 million), down from C$720 million, as COVID-19 weighs on travel demand. ($1 = 1.2735 Canadian dollars)