Aimia’s largest shareholder makes takeover bid for company

says it has become disillusioned and frustrated by the company’s board and management team, so it has made a bid to take Aimia private in a deal that values the company at about $308-million.

Under the proposal, Mithaq Canada Inc., a wholly-owned subsidiary of Mithaq Capital SPC, has offered $3.66 per share in cash for the stake in Aimia it does not already own.Mithaq is a segregated portfolio company and affiliate of Mithaq Holding Co. a family office based in Saudi Arabia.The company voted against the re-election of the company’s board of directors at its annual meeting earlier this year.Market data values update automatically. Checking box will enable automatic data updates.

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Aimia's largest shareholder makes takeover bid for companyTORONTO — The largest shareholder of Aimia Inc. says it has become disillusioned and frustrated by the company's board and management team, so it has made a bid to take Aimia private in a deal that values the company at about $308 million. Under the proposal, Mithaq Canada Inc., a wholly-owned subsidiary of Mithaq Capital SPC, has offered $3.66 per share in cash for the stake in Aimia it does not already own. Aimia shares closed up two cents at US$3.07 on the Toronto Stock Exchange on Tuesday. M
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