Transat shareholders approve Air Canada takeover, deal now in regulators' hands

MONTREAL -- The fate of Air Canada's $720-million takeover bid for Transat A.T. Inc. rests with regulators after shareholders overwhelmingly approved the acquisition offer Friday. In a special meeting, shareholders of the Quebec-based tour operator voted 94.77 per cent in favour of accepting the $18-per-share transaction from the country's largest airline. The deal will narrow the field of airline competition, securing for Air Canada about 60 per cent of the Canadian transatlantic market and hel