Aimia Inc T.AIM.PR.C

Primary Symbol: T.AIM Alternate Symbol(s): T.AIM.PR.A | AIMFF | T.AIM.PR.D

Chemicals Specialty Chemicals

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.

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Aimia Inc > New Press Release - AIMIA'S TUFROPES SUBSIDIARY TO ACQUIRE CORTLAND INDUSTRIAL FOR $26.6 MILLION

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Comment by nedstar71on Jul 12, 2023 9:06pm

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Post# 35538463

RE:RE:RE:New Press Release - AIMIA'S TUFROPES SUBSIDIARY TO ACQUIRE CORTLAND INDUSTRIAL FOR $26.6 MILLION

AIMIATURD69 wrote:
nedstar71 wrote: Interesting
"The transaction was funded with cash on hand. Liquidity for this purchase was expected to be provided by a planned debt financing at Tufropes. However, this financing has been delayed by uncertainty surrounding recent activist shareholder activity."
May as well pay cash for everything at this point. Do another big deal or two in NORTH AMERICA and put it to use in the next 6 months, leaving Mithaq with no cash to even go after. What a shame. Left alone this would have easily been a $5-6 stock by Christmas. Adding to that, now they likely won't even consider a NCIB or SIB as it just strengthens Mithaq's position. What complete clusterfcuk. Not too late to kiss and make up, but egos and stubbornness may not allow it.

my brother in christ, are you high?

Sometimes, but by all meams elaborate instead of playing woman scorned

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