[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]That brings the total sale price to $190 million, down from $720 million previously.The deal is endorsed by Transat’s board of directors but must be approved by two-thirds of Transat’s shareholders, who will vote in a special meeting in early December.The company has not indicated whether the deal has the support of its major stakeholders, which include Letko Brosseau, the Fonds de solidarite FTQ and Quebec pension fund manger the Caisse de depot et placement.Regulatory approvals in Canada and the European Union are also still pending, with the EU expected to rule in early 2021.The agreement is expected to close in late January or early February, with a deadline set.