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AIMIA CONFIRMS RECEIPT OF MITHAQ CAPITAL'S INTENTION TO COMMENCE A TAKEOVER BID
AIMIA CONFIRMS RECEIPT OF MITHAQ CAPITAL'S INTENTION TO COMMENCE A TAKEOVER BID Canada ...
About this update from Aimia Inc.
[{"type":"text","content":"\n \n \n \n AIMIA CONFIRMS RECEIPT OF MITHAQ CAPITAL'S INTENTION TO COMMENCE A TAKEOVER 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. 4, 2023\n \n \n /CNW/ - Aimia Inc. (TSX: AIM) (\"Aimia\" or the \"Company\") today acknowledges it has received notice from Mithaq Capital SPC (\"Mithaq\") confirming its intention to commence an offer to acquire all issued and outstanding shares for\n \n C$3.66\n \n per share (the \"Proposed Offer\"). 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 top priority of Aimia's Board of Directors (the \"Board\") is to ensure that the Company delivers long-term value to stakeholders. When it is received, the Board will consider the Proposed Offer, weigh it against other options to enhance value including options already under consideration, and consult with its legal and financial advisors. The Board will provide Shareholders with any recommendation promptly and in accordance with securities law.\n \n \n \"It is the Board's duty to evaluate all\n \n bona fide\n \n takeover bids\" said\n \n Karen Basian\n \n , Interim Chair of the Board of Aimia. \"Shareholders can rest assured that we take this duty seriously and will rigorously evaluate the Proposed Offer once it is received and make a recommendation consistent with our mandate to consider all reasonable stakeholder interests and maximize value.\"\n \n \n Shareholders with questions are encouraged to call Aimia's strategic shareholder services advisor, Kingsdale Advisors, at 1-800-495-6389 or\n \n [email protected]\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.\n \n \n \n About Aimia\n \n \n \n Aimia Inc. is a hold...