12/12/2023 0 Comments 777 aeromexico businessThe market equivalent value is comprised of the Aeroplan loyalty business proposal value of CAD1.64 per Aimia common share plus non-Aeroplan loyalty program net assets valued at CAD2.00 per common share based on fair market value estimates contained in Mittleman Investment Management's 1Q18 investor letter. ![]() ![]() It said the proposal implies an estimated market equivalent value of CAD3.64 per Aimia share, a 52.3% premium to the 30-day VWAP and a 45.6% premium to spot closing price as of July 24, 2018. Overall, the cash offer is valued at CAD2.25 billion (USD1.72 billion). for its Aeroplan loyalty program business unit.Īccording to a joint statement, the consortium is offering Aimia CAD250 million Canadian dollars (USD191.65 million) in cash for the Aeroplan business itself with a further CAD2 billion for Aeroplan points liability as at March 31, 2018. ![]() Air Canada (AC, Montréal Trudeau), together with the Toronto-Dominion Bank, the Canadian Imperial Bank of Commerce, and VISA Canada Corporation have submitted a conditional offer to Aimia Inc.
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