|Bid||3.5700 x 0|
|Ask||3.6400 x 0|
|Day's Range||3.5150 - 3.6200|
|52 Week Range||2.9900 - 4.5800|
|Beta (3Y Monthly)||2.71|
|PE Ratio (TTM)||0.55|
|Earnings Date||Aug 14, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.38|
MONTREAL , Sept. 12, 2019 /CNW/ - Loyalty and travel-focused consolidator Aimia Inc. (AIM.TO) today announced that Charles Frischer and other parties, claiming to own not less than 5% of the company, (together, the "Frischer Group") has requisitioned a special meeting of Aimia's shareholders to consider several proposed resolutions, including the election of four new directors to replace four existing directors.
New board will revitalize Aimia. Fully independent nominees bring superior capital allocation skills, public company, financial and legal expertise to work in the interest of long-suffering shareholders who have lost over 80% of the value of their investment over the last five years. This proposed slate includes four new directors and four existing directors on the Aimia Board. The new directors include Joel Schachter (proposed Chairman), David Rosenkrantz, Charles Frischer and Michael Lehmann.
Mittleman also filed a counterclaim today with the Ontario Superior Court against Aimia, as well as against current and former directors William G. McEwan , Jeremy Rabe , Thomas D. Gardner , Robert C. Kriedler, Emma Griffin and Robert E. Brown , seeking, among other remedies, an aggregate of CAD$125 million in compensatory and punitive damages for breach of contract and defamation as well as CAD$30 million in compensatory damages from current and former directors Jeremy Rabe and Robert E. Brown for tortious misrepresentations in connection with the sale of Aeroplan to Air Canada. Mittleman will vigorously pursue its defence and counterclaims against Aimia and its current and former directors.
Every investor in Aimia Inc. (TSE:AIM) should be aware of the most powerful shareholder groups. Generally speaking, as...
NEW YORK , July 23, 2019 /CNW/ -- Mittleman Brothers LLC ("Mittleman" or "we" or "our"), a value-oriented investment firm which through subsidiaries and with affiliates is the largest shareholder of Aimia Inc. (AIM.TO) ("Aimia" or the "Company") owning or exercising control over approximately 23.2% of its outstanding shares, today commented on the recent action by Aimia's board (the "Board") to entrench themselves.
MONTREAL, July 22, 2019 /PRNewswire/ - Loyalty and travel-focused consolidator Aimia Inc. (AIM.TO) today announced that it has commenced legal action in Toronto before the Ontario Superior Court of Justice against the New York City-based hedge fund Mittleman Brothers, LLC and related parties (collectively, "Mittleman") (Docket Number: CV-19-00624108-0000), in the interests of defending the company and shareholders from continued breaches of contract, other unlawful and destructive interference and ongoing, self-interested proposals to seize control of the company and its assets. In addition, the Statement of Claim sheds light on Mittleman's self-interested agenda, evidenced by numerous proposals from Mittleman including to merge Aimia with Mittleman, have Mittleman take control of Aimia's cash and use Aimia's cash to acquire other Mittleman investments.
A sum-of-the-parts valuation of the company shows that Aimia is over 40% undervalued based on the balance sheet. But boardroom uncertainty makes this a speculative buy Continue reading...
MONTREAL, July 17, 2019 /PRNewswire/ - Aimia Inc. (AIM.TO), a loyalty and travel-focused consolidator, today responded to statements made by Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") regarding Aimia's 48.855% stake in PLM Premier, S.A.P.I. de C.V. ("PLM"), the owner and operator of Aeromexico's Club Premier frequent flyer program. Aimia notes that PLM Premier has been a highly successful partnership. Aimia's involvement in the development and execution of the PLM program has been critical to the program's management and profitability leading to the increase in distribution to both Aeromexico and Aimia announced earlier this year.
Investor Charles Frischer, on behalf of a group of concerned shareholders (the "Aimia Shareholders for Accountability") of Aimia Inc. ("Aimia" or the "Corporation"), today thanked the many shareholders who have reached out to express support for the Aimia Shareholders for Accountability’s actions in making public their concerns with respect to the current board of directors’ (the “Board”) lack of respect for the rights of shareholders.
NEW YORK, July 16, 2019 /PRNewswire/ -- In response to investor inquiries, Mittleman Brothers LLC ("Mittleman" or "we" or "our"), a value-oriented investment firm which through subsidiaries and with affiliates is the largest shareholder of Aimia Inc. (AIM.TO) ("Aimia" or the "Company") owning or exercising control over approximately 23.3% of its outstanding shares, today commented on the recent appointment of two new Directors to Aimia's board (the "Board"). Mittleman's nominee to the Board – Phil Mittleman – was only given notice of the proposed appointments on Sunday, mere hours before the Board meeting early Monday morning at which these two nominees were appointed. The nominees' appointment was not made with the unanimous consent of the Board and Mr. Phil Mittleman formally dissented from the vote.
Dieter Jentsch and Frederick Mifflin bring deep M&A and capital allocation expertise; further strengthen Board's alignment with new strategic direction MONTREAL , July 15, 2019 /PRNewswire/ - Aimia Inc. ...
NEW YORK , July 10, 2019 /PRNewswire/ -- In response to investor inquiries, Mittleman Brothers LLC (" MB " or " we "), which through subsidiaries and with affiliates is the largest ...