Aimia share value The Mittlemans, Laughing Water and Breach Inlet Capital all see Aimia as worth significantly more than $ 4.50 and are unlikely to tender to the offer. It seems likely that there are enough shareholders that share this view that the the board and management will be cleaned out at the AGM and new management will quickly act to realize the true value.
See Breach Inlet Capital’s press release of April 4 -
https://stockhouse.com/news/press-releases/2019/04/04/breach-inlet-capital-sends-letter-to-board-of-aimia-inc
Laughing Water Capital’s letter to the board - March 27 -
https://www.newswire.ca/news-releases/laughing-water-capital-issues-open-letter-to-board-of-aimia-inc--852936391.html
Mittleman Bros. Statement - Aug 21, 2018 -
https://www.newswire.ca/news-releases/mittleman-brothers-llc-statement-on-sale-of-aeroplan-691362141.html