The Globe and the Mail by Reuters

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(Reuters) – The largest shareholder of Canadian tour operator Transat AT Inc, Peter Letko, said he will not sell his shares at the price offered by Quebec businessman Pierre Karl Péladeau, the Globe and Mail reported on Tuesday. Associates Peter Letko said he supports Transat AT’s plan to seek $ 500 million in loans and operate independently rather than sell at a cut price, according to the report https://www.theglobeandmail.com/business/article -transats- largest-shareholder-rejects-pierre-karl-peladeaus-offer, he said.

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