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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

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
Source: YahooFinanceCA - 🏆 47. / 63 Read more »