|Bid||3.7700 x 0|
|Ask||3.7800 x 0|
|Day's Range||3.7000 - 3.8800|
|52 Week Range||2.1000 - 4.6000|
|Beta (3Y Monthly)||2.49|
|PE Ratio (TTM)||0.61|
|Earnings Date||Nov 6, 2017 - Nov 10, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.85|
MONTREAL , May 22, 2019 /CNW Telbec/ - Loyalty and travel-focused consolidator Aimia Inc. (AIM.TO) announced today the preliminary results of its substantial issuer bid (the "Offer") to repurchase for cancellation up to $150 million of its common shares (the "Shares") from common shareholders for cash. In accordance with the terms and conditions of the Offer and based on a preliminary count by AST Trust Company ( Canada ) (the "Depositary"), Aimia expects to take up and purchase for cancellation 34,883,716 Shares (including those tendered by way of a notice of guaranteed delivery) at a purchase price of $4.30 per Share (the "Purchase Price"), for aggregate consideration of approximately $150 million . After giving effect to the Offer, the number of issued and outstanding Shares is expected to be 117,423,480.
When you buy shares in a company, there is always a risk that the price drops to zero. But when you pick a company that is really flourishing, you can make more than 100%. For example, the Aimia Inc. (TSE:AIM) share pric...
MONTREAL , April 8, 2019 /CNW Telbec/ - Aimia Inc. (AIM.TO) announced today the terms of its previously announced substantial issuer bid ("the Offer") to purchase for cancellation up to $150 million of its common shares ("Shares"), commencing on April 11, 2019 and expiring at 5:00 p.m. (Eastern time) on May 21, 2019 , unless extended or withdrawn in accordance with applicable securities laws. The Offer by Aimia Inc. ("Aimia") is being made by way of "modified Dutch Auction", which will allow shareholders who choose to participate in the Offer to individually select the price, within a price range of not less than $3.80 and not more than $4.50 per share (in increments of $0.05 per Share). Upon expiry of the Offer, Aimia will determine the lowest purchase price (which will not be more than $4.50 per Share and not less than $3.80 per Share) that will allow it to purchase the maximum number of Shares properly tendered to the Offer, and not properly withdrawn, having an aggregate purchase price not exceeding $150 million .
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Fiat Chrysler Automobiles says it ...
MONTREAL , March 28, 2019 /CNW Telbec/ - Aimia Inc. (AIM.TO) announced today that its Board of Directors through a special committee of independent directors (the "Special Committee") has concluded its previously announced evaluation of the company's future strategic direction and capital allocation priorities. The Special Committee's recommendation that Aimia evolve its positioning within the growing loyalty and travel markets through a combination of organic growth and sector-focused M&A has been accepted and approved by the Board of Directors as representing the optimal outcome most likely to generate the most attractive returns among the wide range of options considered.
Media Advisory - Aimia to Report 2018 Fourth Quarter Results and Update on Special Committee Process
NEW YORK, March 27, 2019 /PRNewswire/ -- Laughing Water Capital, LP, a significant shareholder of Aimia Inc. ("Aimia" or the "company") (AIM.TO), announced today that it has issued a public letter to the board of directors of Aimia in which it called on the company's legacy directors to resign from the board. Laughing Water Capital, LP ("LWC" or "we") is a significant shareholder of Aimia Inc. ("Aimia" or the "company").
Aimia Announces Results of Conversion Privilege of Series 3 Cumulative Rate Reset Preferred Shares
Aimia Inc. (TSE:AIM), which is in the media business, and is based in Canada, saw a decent share price growth in the teens level on the TSX over the lastRead More...
MONTREAL , March 1, 2019 /CNW Telbec/ - Aimia (AIM.TO) today announced the applicable dividend rates for its Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Shares") and its Cumulative Floating Rate Preferred Shares, Series 4 (the "Series 4 Shares"), further to the February 25, 2019 notice and announcement that it will not exercise its right to redeem all or any part of the outstanding Series 3 Shares and, as a result of which, subject to certain conditions, the holders of the Series 3 Shares will have the right to convert all or any number of their Series 3 Shares into Series 4 Shares on a one-for-one basis. With respect to any Series 3 Shares that remain outstanding on or after April 1, 2019 , holders of the Series 3 Shares will be entitled to receive quarterly fixed, cumulative, preferential cash dividends, as and when declared by the company's Board of Directors, subject to compliance with the provisions of the Canada Business Corporations Act. The annual dividend rate for the five-year period from and including March 31, 2019 up to but excluding March 31, 2024 will be 6.01%, being 4.20% over the five-year Government of Canada bond yield, as determined in accordance with the rights, privileges, restrictions and conditions attaching to the Series 3 Shares.
MONTREAL , Feb. 25, 2019 /CNW Telbec/ - Data-driven marketing and loyalty analytics company Aimia Inc. (AIM.TO) is today providing an update on the Canada Revenue Agency (CRA) 2013 audit of Aimia Canada Inc. Aimia has received a 'Final letter for the 2012 and 2013 taxation years' from the CRA concluding on their audit. The assessed amount is expected to be approximately $30 million in income taxes payable in addition to interest payable of up to $5 million . Aimia is planning to use available tax attributes to mitigate the potential interest cost that may be incurred. Aimia will fund the amounts due upon receipt of the re-assessment from the $100 million restricted cash account set up as part of the sale of Aimia Canada Inc. The balance of the funds in the restricted cash account would be released to Aimia in accordance with the terms of the share purchase agreement between Aimia and Air Canada.
MONTREAL , Feb. 25, 2019 /CNW Telbec/ - Data-driven marketing and loyalty analytics company Aimia Inc. (AIM.TO) today announced the reduction of its stated capital account, the payment of dividends on its common and preferred shares, and provided an update on the conversion privilege of Series 3 preferred shares.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cott Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have Read More...
NEW YORK, NY / ACCESSWIRE / January 15, 2019 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...
MONTREAL , Jan. 10, 2019 /CNW Telbec/ - Data-driven marketing and loyalty analytics company Aimia Inc. (AIM.TO) ("Aimia") today announced that, in connection with the completion of its sale to Air Canada of all of the issued and outstanding share capital of Aimia Canada Inc., the owner and operator of the Aeroplan loyalty program, it has issued a notice for the redemption prior to maturity of all of its outstanding $250,000,000 principal amount of 5.60% Senior Secured Notes Series 4 due May 17, 2019 (CUSIP 00900QAC7) (the "Series 4 Notes"). The redemption date as set forth in the notice of redemption is February 8, 2019 (the "Redemption Date").
Gross transaction proceeds at closing amounted to approximately $497 million , after initial closing adjustments of $47 million which were primarily related to favourable working capital adjustments relative to the target working capital set out in the share purchase agreement. Aimia does not expect any capital gains tax to be payable on the transaction.
Aimia's Shareholders Approve Sale of Aimia Canada to Air Canada and Reduction of Stated Capital