News Formal

Aimia's largest shareholder makes takeover bid for company

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 83 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

TORONTO — 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

TORONTO — 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.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.

'It's not taxed at all': Warren Buffett shares the 'best investment' you can make when battling against inflation — and it doesn't have to cost you a dimeI wouldn’t be surprised if ENB stock even doubles in value in the next 10 years. Here why. The post Where Will Enbridge Stock Be in 10 Years? appeared first on The Motley Fool Canada.N.W.T.

Despite fanfare, federal funding and even a visit from the prime minister, the owner of an N.W.T. mine project is closing down its processing plant in Saskatoon. Vital Metals owns Cheetah Resources, which is the owner of the Nechalacho mine project, about 100 kilometres south-east of Yellowknife. The project is one of the first rare earth metal mines in Canada.

-- A Bank of Canada official said there’s a risk firms will continue to raise prices more frequently and more sharply, complicating efforts to bring inflation back to 2%.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonKevin McCarthy Ousted as US House Speaker by Republican DissidentsAirbnb Is Fundamentally Broken, Its CEO Says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,020.92, down 156.26 points): Toronto-Dominion Bank. (TSX:TD). Finance. Down 76 cents, or 0.95 per cent, to $79.65 on 16.
Source: SooToday - 🏆 8. / 85 Read more »

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,177.18, down 364.09 points): Toronto-Dominion Bank (The). (TSX:TD). Finance. Down $1.42, or 1.7 per cent, to $80.41 on 16.
Source: SooToday - 🏆 8. / 85 Read more »