Quebecor CEO Pierre Karl Péladeau lost his bid to take control of Transat's board at the airline operator's annual meeting, halting his effort to replace the board. The outcome preserves Transat's current management and strategy and is a setback for Quebecor's activism/ takeover ambitions; expect modest share volatility in the affected stocks.
Quebecor CEO Pierre Karl Péladeau lost his bid to take control of Transat's board at the airline operator's annual meeting, halting his effort to replace the board. The outcome preserves Transat's current management and strategy and is a setback for Quebecor's activism/ takeover ambitions; expect modest share volatility in the affected stocks.
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