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Aimia Inc T.AIM

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

Bullboard Posts
Comment by chickenfajitaon Feb 07, 2018 12:30pm
195 Views
Post# 27519885

RE:RE:Mittleman changing their game plan

RE:RE:Mittleman changing their game planSo just some context from people that aren't familar. Mittleman according to SEDAR:

"As at January 31, 2018, the Investor owned or exercised control or direction over 16,117,780 common shares of the Issuer on behalf of accounts over which it exercises discretionary investment authority (“Accounts”), representing a securityholding percentage of approximately 10.6% of the 152,307,196 outstanding common shares of Aimia as of September 30, 2017 as indicated in the Issuer’s Third Quarter 2017 Financial Report dated November 8, 2017"

Before "it held securities of the Issuer for investment purposes", now "discloses that it may, in future, seek to effect material changes in the Issuer’s business or corporate structure including, without limitation, changes to the board of directors or management of the Issuer and/or the sale or transfer or material assets"

They were quite bullish on AIMIA four months according to Seeking Alpha

https://seekingalpha.com/article/4119511-mittleman-brothers-q3-letter-long-village-roadshow-aimia?page=2

They bought in around C$1.97 and expected x2 that value and x3 that value if Aimia found a new airline partner. What this is telling me if they might have been burned from the recent share price decline and now are seeking more control of the company to make sure it can achieve their set expectation.

Bullboard Posts