Business
Aimia Announces Intent to Receive Shares in Privatization of Clear Media Ltd.
Aimia Announces Intent to Receive Shares in Privatization of Clear Media Ltd. C...
About this update from Aimia Inc.
[{"type":"text","content":"\n \n \n \n Aimia Announces Intent to Receive Shares in Privatization of Clear Media Ltd.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n July 7, 2021\n \n /CNW/ - Aimia Inc. (TSX: AIM) is pleased to announce that it intends to tender its entire stake in Clear Media Limited consisting of 58,774,450 shares in the company as acceptance for the Share Alternative in the new Holdco entity pursuant to the Offer, as jointly announced by Ever Harmonic Global Limited and Clear Media Limited on\n \n July 5, 2021\n \n .  This intent is subject to the finalization of the Composite Document containing the terms and conditions in connection with the Offer which is expected to be made available in due course.  Aimia is pleased to participate in the planned privatization of Clear Media led by a blue-chip consortium, and is excited about Clear Media's prospects.\n \n \n \n About Aimia\n \n \n \n Aimia Inc. (TSX: AIM) is a holding company with a focus on long-term investments in public and private companies, on a global basis, through controlling or minority stakes.\n \n \n The company operates an investment advisory business through its wholly-owned subsidiary Mittleman Investment Management, LLC, and owns a diversified portfolio of valuable investments including a 48.9% equity stake in PLM Premier, S.A.P.I. de C.V. (PLM), owner and operator of Club Premier, the coalition loyalty program in\n \n Mexico\n \n that operates the Aeromexico Frequent Flyer program, a 48.7% equity stake in Kognitiv, a B2B technology growth company enabling collaborative commerce, a 10.85% stake in Clear Media Limited (100.HK), one of the largest outdoor advertising firms in\n \n China\n \n , as well as minority stakes in a portfolio of public company securities.\n \n \n For more information about Aimia, visit\n \n www.aimia.com\n \n .\n \n \n \n Forward-Looking Statements\n \n \n \n This press release contains statements that constitute \"forward-looking information\" within the meaning of Canadian securities laws (\"forward-looking stat...