RE:Must Watch Slide Show for AIMIA shareholders So they sold Nectar for $105M, minus December redemptions ($96M), minus future liabilities of ($183M), but disposing of $208M in liabilities, for an improvement in the books of $34M (105-96-183+208=34).
However doesn't that mean that Nectar's revenues in December will be counted as profits in the ER? If December's redemptions are paid to Sainsbury's through the revenues from the sale, then Aimia keeps Nectar's December revenues for itself, no?
If you take away December's redemptions, and assuming Nectar runs a profit, it would put the sale price of Nectar at over $120M.
Please correct me if I am wrong.
gatman wrote: CEO Johnston explains the sale of Nectar....if you own AIMIA, you will better understand the rational for the sale and what was sold and what was retained....provides some clarity...and it's not difficult to understand with the various graphs and bullet points
https://seekingalpha.com/article/4142722-aimia-gapff-transaction-recap-rationale-slideshow