RE:RE:One question though..There are new loyalty programs that can be developed by Aimia, with the existing management team, or with a new management team that has a vision of the future.
Air Canada bought the old-technology clunker version of a loyalty program.
Once that clunker loyalty program is off the lot (or gone from the barn), Aimia can focus on developing a new loyalty program based on the future of loyalty programs.
Here are some lyrics from the cheerleading team:
2 - 4 - 6 - 8 - Who Do We Appreciate?
Aimia! Aimia!
amugsgame wrote: Pretty simple. Despite the cheerleading here. AC and company were the only game in town. All the speculation of partnerships and other potential buyers was only smoke and mirrors and both sides knew it - that`s probably why AC was able to take their time getting to the final offer. Everyone knew what the first offer was but it wasn`t cheap to others. Remember besides the final $450 mil there is $2 billion in liability that comes with this deal. Without AC, AIM`s bonds were reduced to junk status and even the prefs were trading at a 60% discount. And now even with the promise of $450 mil in the bank and the loss of that $2 bil red ink, the market isn`t exactly rushing to buy. Why? Because AIM is a one trick pony and that pony has left the barn