t.src=v;s=b.getElementsByTagName(e)[0]; Chorus said there's no assurance a transaction will occur and said it doesn't intend to comment further unless there is a deal to announce. See here for a complete list of exchanges and delays. “There can be no assurance that any transaction will occur, or as to the timing, structure or terms of any transaction.”.

Read more financial news.. What is Market Insider? The stock closed Friday at $3.18. The company said it would not comment further “unless or until there is a transaction to announce.”. Chorus Aviation receives takeover proposal. He pleaded with the government to ease travel restrictions. New hopes for the MH370 six years after the plane went missing and sparked fascinating mysteries. The Halifax-based regional aviation company said in a brief news release Friday that it had received "a preliminary, non-binding acquisition proposal from a third party that is subject to a number of significant conditions." Print. The Halifax-based company specializes in leasing regional aircraft to airlines around the world. LINE.

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Chorus receives takeover offer. Telegram. I'd much rather buy Chorus Aviation (TSX:CHR) shares today, rather than Air Canada (TSX:AC). HALIFAX, Oct. 17, 2016 /CNW/ – Chorus Aviation Inc. (‘Chorus’) (TSX: CHR) today announced that it has received an exemption to treat Chorus’ Class A variable voting shares and Class B voting shares as a single class for the purposes of applicable take-over bid requirements and early warning reporting requirements contained under Canadian securities laws.

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s.parentNode.insertBefore(t,s)}(window, document,'script', Spracklin suspects the interested party is likely a Canadian-domiciled financial sponsor rather than a strategic buyer given the weakened state of the global airline industry and foreign ownership restrictions. We'll assume you're ok with this, but you can opt-out if you wish. But opting out of some of these cookies may have an effect on your browsing experience. These cookies do not store any personal information. 30. Reuters. Published: 22 hours ago.

(function(d, s, id) { The company also reported a 45 percent year-over-year collapse in the second quarter.

This website uses cookies to improve your experience while you navigate through the website. Shares of Chorus Aviation Inc. surged Friday afternoon on the Toronto Stock Exchange after the aviation holding company disclosed that it had attracted takeover interest. Sorry, your blog cannot share posts by email. Chorus, which provides regional air services under the Jazz Aviation and Voyageur Aviation banners, has been hampered by the pandemic and its impact on air passenger traffic like many of its industry peers. Twitter. {if(f.fbq)return;n=f.fbq=function(){n.callMethod? The company’s shares closed near their intraday high, gaining 34.2% to $ 3.18. }(document, 'script', 'facebook-jssdk'));!function(f,b,e,v,n,t,s) HALIFAX — Shares of Chorus Aviation Inc. surged 34 per cent after it confirmed receiving an acquisition proposal from an unnamed third party.The Halifax-based regional aviation company said in a brief news release Friday that it had received "a preliminary, non-binding acquisition proposal from a third party that is subject to a number of significant conditions. Chorus Aviation shares climb 34% thanks to takeover. Chorus shares, which had been halted in trading, closed up 81 cents to $3.18.

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In September, Chorus placed a new Airbus A220 with air Baltic.

This report by The Canadian Press was first published Oct. 23, 2020. 2 weeks Chorus Aviation surged 32% on takeover offer Business Insider . This website uses cookies to improve your experience.

Mix. Like so many other carriers, Chorus slashed capacity in response to COVID-19. Linkedin. 'https://connect.facebook.net/en_US/fbevents.js'); The move was meant to prevent someone from quietly buying up stock on the cheap. We keep the site free to share our passion with the world.

October 24, 2020. It also operates most of Air Canada’s regional turboprop and small jet services. Free complaint generator may help. Robert McWhirter, president of Selective Asset Management, discusses Chorus Aviation. Updated: 13 hours ago. “Canadian and provincial governments need to look to other G20 countries that have implemented safe, thoughtful, practical and science-based approaches to strategically ease travel restrictions to allow businesses and economies to restart and succeed as part of this new normal, ”Randell said at the time. Post was not sent - check your email addresses! These cookies will be stored in your browser only with your consent. Dartmouth-based Chorus, however, said there can be no assurance that any transaction will occur. It was the third of five aircraft on long-term lease to the Latvian carrier.

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