Bank of Montreal T.BMO

RE:New Press Release - BMO Confirms Agreement to Acquire LoyaltyOne's AIR MILES Reward Program Business

[bucheroncapital]

PressRelease wrote:

BMO's acquisition would accelerate the future growth of AIR MILES, one of Canada's largest loyalty programs A reinvigorated program would benefit all Canadians collecting AIR MILES, as well as merchants and partners across the country AIR MILES collectors benefit from rewards at more than...read article.

this must be a very cheap deal.  This will create value as AM has 10M collectors and the programs neeeds a major overhaul the opportunity is there for BMO ~ it sounds like a good move !