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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
Post by Safetraderon Aug 23, 2018 5:59am
257 Views
Post# 28503958

Shareholders won't be voting on this

Shareholders won't be voting on thisWell not sure we will have to approve or not the sale of one of Aimia asset.
Maybe I'm wrong but the board approved and largest shareholder (MittlemanBros) did also say yes. Details to be finalized, but we voted to elect the board and they are now acting in the best interest of shareholders and AIM. Keep in mind it isn't AIM that is getting sold and I don't recall AIM ever asking us to vote when they add or remove a partner.

So at this point I guess most shareholders are waiting to see the plan for using the cash they will get at closing. Will they pay a special div or make a major partnership / acquisition? They must have some ideas but not sure it will be disclose prior to finalizing the agreement with consortium.
Bullboard Posts