AC could just buy Aimia outrightAt 5 bucks a share it would cost AC roughly 750 mil. Spin off PLM to aeromexico for 400 mil. Get a another 100 for the other assets and they have themsleves the 250 mil deal they wanted.
Full disclosure I own both AC and Aimia.
I'm guessing there may be some legal issue with bashing the shareprie and then buy Aimia in the open market.
Mo