Aimia's Comments Regarding Mithaq's Premium All-Cash Takeover Bid for the Company Are Reckless and Premature

About this update from Aimia Inc.

[{"type":"text","content":"\n \n \n \n Aimia's Comments Regarding Mithaq's Premium All-Cash Takeover Bid for the Company Are Reckless and Premature\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 Impulsive Commentary and Baseless Litigation Expose a Board and Management Intent on Entrenchment and Value Destruction, to the Detriment of Shareholders\n \n \n Shareholders Should Continue to Visit\n \n www.cashpremiumforaimia.com\n \n for the Latest Updates\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Oct. 10, 2023\n \n \n /CNW/ - Mithaq Canada Inc. (the \"\n \n Offeror\n \n \"), a wholly-owned subsidiary of Mithaq Capital SPC (\"\n \n Mithaq\n \n \"), the largest shareholder of Aimia Inc. (TSX: AIM) (\"\n \n Aimia\n \n \"), today made the following statement about Aimia's premature assessment of Mithaq's premium all-cash takeover bid (the \"\n \n Offer\n \n \") contained in Aimia's press release issued earlier today:\n \n \n Providing impulsive commentary about the Offer, when Aimia's board acknowledges that it has not yet completed its review of the Offer, nor has it formally responded to the Offer by publishing a directors' circular, demonstrates reckless prejudgment and an inability of Aimia's board to act independently of management and in the interests of shareholders.\n \n \n Aimia's misguided commentary, as well as constant references to the baseless litigation Aimia is pursuing against Mithaq, are nothing more than efforts to entrench the board and management, distract from Aimia's poor performance, and deprive Aimia shareholders of the value of the compelling all-cash, premium Offer.\n \n \n Contrary to Aimia's misleading commentary, there is nothing unprecedented about the number or scope of bid conditions, which are consistent with other unsolicited takeover bids. The conditions are necessary to protect all shareholders' investment in the company, including Mithaq's, as they discourage Aimia's board and management from taking more self-interested defensive actions that could further depreciate company value and deprive shareholders of Mithaq's prem...

More updates from Aimia Inc.