Brief: Aimia Says Mithaq's Hostile Offer Undervalues Company

AIMIA ( Canada )

20/10/2023 12:33

Oct 20 (Reuters) - Aimia Inc  AIM.TO :
    * AIMIA'S BOARD OF DIRECTORS RECOMMENDS SHAREHOLDERS REJECT
MITHAQ'S HOSTILE OFFER FOR THEIR COMPANY AND PROVIDES UPDATE ON
PRIVATE PLACEMENT
    * AIMIA INC: MITHAQ OFFER UNDERVALUES COMPANY AND IS NOT
COMPELLING
    * AIMIA INC: SPECIAL COMMITTEE AND BOARD HAVE RECEIVED AN
INADEQUACY OPINION FROM THEIR FINANCIAL ADVISOR REGARDING MITHAQ
OFFER
    * AIMIA INC: OFFER CONTAINS INADEQUATE DISCLOSURE OF
MITHAQ'S
FINANCING SOURCES AND DOES NOT PROVIDE SUFFICIENT CERTAINTY AS
TO MITHAQ'S FINANCING

Source text for Eikon:  ID:nCNW9bmQWa 
Further company coverage:  AIM.TO 

 ((Reuters.Briefs@thomsonreuters.com;))