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Aimia Inc T.AIM

Alternate Symbol(s):  AIMFF | T.AIM.PR.A | T.AIM.PR.C | T.AIM.PR.D

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets. The Cortland International segment consists of Tufropes and Cortland Industrial LLC (Cortland). Tufropes is a manufacturer of synthetic fiber ropes and netting solutions for maritime and other different industrial customers. Cortland is a designer, manufacturer, and supplier of technology advanced synthetic ropes, slings, and tethers to the aerospace & defense, marine, renewables, and other diversified industrial end markets. The Holdings segment includes investments in Clear Media Limited, Kognitiv, as well as minority investments in various public company securities and limited partnerships.


TSX:AIM - Post by User

Comment by nkbourbakion May 18, 2024 8:22am
90 Views
Post# 36047059

RE:RE:RE:New Press Release - AIMIA ANNOUNCES TERMINATION OF PALADIN AGREEMENTS

RE:RE:RE:New Press Release - AIMIA ANNOUNCES TERMINATION OF PALADIN AGREEMENTSThe shares are locked until November, after which Paladin can do as they wish.  I'm doubtful they'll be a long term holder, given that the Paladin entity seems to have ceased operations, but who knows.  Nice payday for Tariq.

The Paladin agreements should never have been signed in the first place.  That was the original sin. It's good to clean them up, and of course it wouldn't be free to do so.  We will only know in time whether the price was reasonable, as it completely depends on performance of Bozzetto and Tufropes.   It's the share issuance that I take issue with, particularly after talking so much about the undervalued shares and suggesting they'll start an NCIB later in the year!!!

For what it's worth, I still think current mgmt is infinitely better than the prior team.  

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