Proxy advisory firm ISS recommends Transat shareholders support Air Canada offer

Companies in this story: (TSX:TRZ, TSX:AC)The Canadian Press MONTREAL — An independent proxy advisory firm is urging Transat shareholders to support the proposed $720-million takeover of the tour operator by Air Canada.Institutional Shareholder Services Inc. recommended on Sunday that shareholders vote in favour of the deal based on the original price of $13 per share and reiterated its support when Air Canada boosted its offer to $18 per share or about $200 million more.ISS says the acquisition by Canada’s largest airline is supported by the significant premium and certainty of the all-cash offer, execution risks associated with other alternatives and the sale process that gave other bidders time to submit superior offers.Shareholders are slated to vote on the Air Canada offer Aug. 23, which is expected to face intense scrutiny from the Competition Bureau and other regulatory authorities.The Montreal-based tour operator’s board and special committee unanimously recommended that Air Canada’s offer “is in the best interest of Transat and its stakeholders and is fair to Transat shareholders.”Letko Brosseau and Associates — Transat’s biggest shareholder at 19.3 per cent — has now given formal support to the fresh offer from Air Canada, the airline and Transat said. The investment firm said earlier this summer it would vote against the deal if the price stayed at $13 per share. read more

13 questions the world wants to know about Ireland

first_img…part of the United Kingdom?Simply put, Ireland and the United Kingdom mainland are separate sovereign states. We don’t know why this is so hard to understand. THEY’RE SEPARATED BY A SEA!(Ok, maybe the whole ‘United Kingdom of Great Britain and Northern Ireland thing is confusing. We’ll grudgingly accept that. And then there’s the whole ‘British Isles’ debacle) Source: Wikimedia…in FIFA?Er…When is Ireland’s……summer? Winter? Rainy season? We don’t understand. Is there a distinction between these things? Source: Imgur…independence day? They show it on RTÉ One every Fourth of July. Rousing stuff.Why can Ireland……vote in the Eurovision? You bite your tongue and pray to St Logan! Source: PA Archive/Press Association Images(As for ‘Why can’t Amazon ship to Ireland?’; that’s a little dramatic. A lot of Amazon sellers ship to Ireland)Why can’t Ireland…There is nothing Ireland can’t do!YES WE CAN! YES WE CAN! Source: Gifsoup16 bizarre sights captured by Google Earth in Ireland>8 of Dublin’s coolest office spaces> WE’VE PROMPTED GOOGLE.COM with various questions about Ireland, to find out what information people want to know about our little country.Stuff like…Why is Ireland so……green?We’ve got the North Atlantic Drift to thank for that. It brings the warm waters of the Gulf Stream in our direction and gives us a relatively mild climate, considering our little isle’s location. Source: Jackie L Chan…poor?Ahem. Source: /Photocall Ireland…rich?We’re assuming the majority of the “why is Ireland so rich?” questions were asked circa 2000, when the Celtic Tiger was roaring. Sniff. Source: deviantART…Catholic?Where do we start?The history of Ireland’s religion stretches from before St Patrick, through the Vikings and the Normans, the Reformation, the Protestant ascendancy, Catholic Emancipation to today, when Roman Catholicism remains Ireland’s dominant faith.Things aren’t going that great these days though:Why is Ireland not……in the World Cup?This is a very difficult question for us. Best ask this guy. He always seems to have all the answers. Source: Eamonn Farrell/Photocall IrelandLet’s just remember the good times.last_img read more

Oscar Pistorius described as a deceitful witness who has anxiety on call

first_img Nel says that #OscarPistorius presents himself as a “victim of circumstance” – then goes on to list various ‘gun events’— Sinead O’Carroll (@SineadOCarroll) August 7, 2014 OSCAR PISTORIUS HAS been described as a ‘deceitful witness’ at his South African murder trial this morning.Senior state prosecutor Gerrie Nel has launched an attack on the athlete’s character, telling the court that he seems to have ‘anxiety on call’, referring to a number of gun incidents which the 27-year-old denies.He said that Pistorius’s version of events was “absolutely devoid of any truth” and had “glaring contradictions”.Using an athletics analogy, Nel claimed the trial was a relay for the Olympian.“He dropped the baton of truth and was unable to finish the race.”The lawyer continues with his efforts to pick holes in Pistorius’s defence and testimony about what happened on 14 February 2013, the night he shot his girlfriend Reeva Steenkamp. Source: Sinead O’Carroll/Twittercenter_img The trial is entering its final stage with closing arguments from both sides to be delivered over the next two days.Defence barrister Barry Roux will make his last arguments when Nel concludes.Both Pistorius and Steenkamp’s fathers are in the courtroom today for the first time. June Steenkamp, who has been seen on the benches for much of the hearing, is also in attendance.JudgeOnce both sides of the arguments have been heard, Judge Thokozile Masip is expected to set a date for the verdict to be delivered.Pistorius is accused of murdering his girlfriend Reeva Steenkamp in his home in Pretoria on Valentine’s Day last year. He claims it was a mistaken shooting, however, the prosecution argues that he knew what he was doing and shot her after an argument.Pistorius faces 25 years to life in prison is found guilty of premeditated murder. He could be sentenced to a shorter term if convicted of murder without premeditation or negligent killing.With reporting from Christina Finn Read: “We close the case for the defence.” – It’s down to closing arguments in the Pistorius trial>Read: Oscar Pistorius denies he was drunk during nightclub row>last_img read more