Air Canada Offer Merely An "Opening Bid" Correct...this is not an adequate offer from Air Canada.
It is merely an opening bid.
Now, Aimia/Aeroplan is in play and the serious negotiations begin.
This is why many Bullboard posters are recommending "No" as a response to the Air Canada offer.
amugsgame wrote: What's all the "Vote NO"and "buyout" chatter. This isn't a share buyout repeat isn't a share buyout. If it was the share price would have moved to the $3.60 / $3.65 range and hovered there rather than the pinball moves of today. Basically AC + banks are looking to buy the AP business for $250 mil ($2.25 bil - $2 bil liability) Rant and rave all you want about "potential" value but keep in mind that the institutional investors and analysts who probably been ignoring AIM for a reason and tomorrow it could be back to where it was yesterday if they ignore the bid and no one else comes forward