RE:RE:Hmmmbirch1 wrote: Actually, if Air Canada were smart, they'd be buying shares at these levels...Perhaps someone is accumulating for them.
AC buying out AIM is a possibility. They could buy and flip all ther unecessary assets to fund aquisition. It would make sense for them to do it.
My speculation is AC tried to force AIM to bankrupcy in order to cancel their contract with them. This will not happen so now they could execute plan B which would be to buy out AIM and run their program internally but gaining 5M members, 3 major credit card contract that only expire in 2024, full data base and logistics. They sold it off 17 year ago and if the pay 700M they still made profit of 300M plus any assest sales (nectar, Airmiles, BMO contract, Club premier).