54568546846357 wrote: westcoast1000 wrote: Uber,
I agree with you about the merits of buying AIM for AC.
But at what price? Before they cratered the share price with their cancellation, we were at about 8.90.
One would think they can not wreck our company by cancelling our biggest contract and then buy us at a discount.
WC
They could buy it at a discount. There really is nothing stopping them for doing it. Mittle man would be crazy to not accept an offer at $5-$6. Most share owners that bought at $9 would also find that to be a good way out.
AC could buy at $5 which is approx $700MM sell off Premier club and other assets for $600MM and pick up their frequent flyers, membership base, partners agreements, cash, expertise, and techonologie for 100MM thich is peanuts for the assets.
I have been following job opening on AC to see if there is an idication of them ramping up towards their program and I haven't seen much yet.
It's important to note that AIM is still going full speed ahead with their transformation.
The way I see it there are three possible outcome:
-AC buys AIM
-AIM is succesful in it's transformation
-AIM is unseccesful in it's tranformation
With the board being invested in the company, the new CEO that has experience in the airline loyatly business, and the position of Aeroplan on the market my bet is on the 2 succesful outcomes.