Transat A.T. Inc.

10:55 AM EST - Transat A.T. Inc. : Has purchased land, and has entered into a promissory agreement to purchase a second adjacent property, in Puerto Morelos on Mexico's Yucatán Peninsula for a total consideration of between $54 and $57 million U.S. to build a beachfront resort. The promissory agreement is subject to certain usual conditions and is anticipated to close on or around November 1. Transat A.T. Inc. shares T.TRZ are trading down $0.05 at $7.82.