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AIMIA ANNOUNCES THE FORMATION OF A SPECIAL COMMITTEE OF THE BOARD TO REVIEW MITHAQ'S UNSOLICITED TAKE-OVER BID
AIMIA ANNOUNCES THE FORMATION OF A SPECIAL COMMITTEE OF THE BOARD TO REVIEW MITHAQ'S UNSOLICITED ...
About this update from Aimia Inc.
[{"type":"text","content":"\n \n \n \n AIMIA ANNOUNCES THE FORMATION OF A SPECIAL COMMITTEE OF THE BOARD TO REVIEW MITHAQ'S UNSOLICITED TAKE-OVER BID\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n SHAREHOLDERS ADVISED TO TAKE NO ACTION AT THIS TIME\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Oct. 6, 2023\n \n \n /CNW/ - Aimia Inc. (TSX: AIM) (\"Aimia\" or the \"Company\") today confirmed that its Board of Directors (the \"Board\") has formed a Special Committee of independent directors (\"Special Committee\") to consider the unsolicited take-over bid by an affiliate of Mithaq Capital SPC (\"Mithaq\") to acquire all issued and outstanding shares of Aimia (the \"Offer\") as well as other options to enhance shareholder value. The options include alternatives that the Company was actively pursuing prior to Mithaq announcing that it intended to make the Offer.\n \n \n Aimia is currently suing Mithaq for various breaches of the\n \n Securities Act\n \n (\n \n Ontario\n \n ). The trial is scheduled to begin on\n \n January 8, 2024\n \n .\n \n \n The Special Committee and the Board are in the process of reviewing the Offer, in consultation with their legal and financial advisors and in accordance with their fiduciary duties. The Board, based on the Special Committee's recommendation, will provide Shareholders with their recommendation in respect of the Offer in accordance with securities law. Shareholders are advised to take no action at this time.\n \n \n Shareholders with questions are encouraged to call Aimia's strategic shareholder advisor, Kingsdale Advisors, at 1-800-495-6389 or\n \n [email protected]\n \n .\n \n \n \n Advisors\n \n \n \n Kingsdale Advisors is acting as strategic shareholder advisor and communications advisor to Aimia. Norton Rose Fulbright Canada LLP is acting as legal counsel to Aimia. Goodmans LLP is acting as legal counsel and Canaccord Corp. is acting as financial advisor to the Special Committee.\n \n \n \n About Aimia\n \n \n \n Aimia Inc. is a holding company that makes long-term inve...