Quantcast

Air Canada, TD, CIBC & Visa Offer To Acquire Aimia's Aeroplan Loyalty Business


Shutterstock photo

Air Canada, TD, CIBC & Visa Offer To Acquire Aimia's Aeroplan Loyalty Business


(RTTNews.com) - Air Canada, Toronto-Dominion Bank , Canadian Imperial Bank of Commerce, and Visa Canada Corp. together Wednesday said they are aiming to acquire Aimia Inc.'s Aeroplan loyalty business for $250 million in cash, representing a total purchase price of approximately $2.25 billion.

If accepted by Aimia, the deal will ensure value and continuity for their members as well as customers of Air Canada, TD, CIBC and Visa. The proposal implies an estimated market equivalent value of $3.64 per Aimia share.

The proposal has an expiry date of August 2, 2018.


Read the original article on RTTNews (http://www.rttnews.com/2917761/air-canada-td-cibc-visa-offer-to-acquire-aimia-s-aeroplan-loyalty-business.aspx)


For comments and feedback: contact editorial@rttnews.com




This article appears in: World Markets , Stocks , Banking and Loans
Referenced Symbols: CM ,



More from RTT News

Subscribe






See All RTT news









Research Brokers before you trade

Want to trade FX?