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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Aimia Inc.    AIM   CA00900Q1037

AIMIA INC.

(AIM)
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Aimia: Sale of Aimia Canada to Air Canada Clears Regulatory Requirements

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12/24/2018 | 08:27am EST

By Colin Kellaher

Aimia on Monday said the sale of Aimia Canada, which owns and operates the Aeroplan loyalty program, to Air Canada has passed regulatory muster and is expected to close next month.

Air Canada last month agreed to buy Aimia Canada for 450 million Canadian dollars (US$331 million) in cash, plus the assumption of about C$1.9 billion of Aeroplan Miles liability.

As part of the deal, Toronto-Dominion Bank (TD.T, TD), Canadian Imperial Bank of Commerce (CM.T. CM) and Visa Inc. (V) agreed to support the acquisition and participate in Air Canada's new loyalty program.

Air Canada on Monday said it is still in talks with American Express, which also issues Aeroplan co-branded products, to secure its continued participation in the program after 2020.

Aimia shareholders will vote on the deal at a special meeting on Jan. 8.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AIMIA INC. -0.26% 3.83 Delayed Quote.3.79%
AIR CANADA -0.33% 49.03 Delayed Quote.88.87%
AMERICAN EXPRESS COMPANY 1.97% 120.61 Delayed Quote.26.53%
CANADIAN IMPERIAL BANK OF COMMERCE 0.91% 109.87 Delayed Quote.7.08%
THE TORONTO-DOMINION BANK 0.56% 73.43 Delayed Quote.8.21%
VISA 0.15% 182.17 Delayed Quote.38.07%
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Financials (CAD)
Sales 2019 129 M
EBIT 2019 -65,9 M
Net income 2019 -
Finance 2019 231 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 -
EV / Sales2019 1,43x
EV / Sales2020 1,35x
Capitalization 416 M
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Technical analysis trends AIMIA INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 4,67  CAD
Last Close Price 3,83  CAD
Spread / Highest target 43,6%
Spread / Average Target 21,8%
Spread / Lowest Target 11,0%
EPS Revisions
Managers
NameTitle
Jeremy Rabe Chief Executive Officer & Director
William G. McEwan Chairman
Steven Leonard Chief Financial Officer
Thomas D. Gardner Independent Director
Robert Christopher Kreidler Independent Director
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