Post by
Konaboy on Jun 21, 2022 11:07am
Good / Bad News
The Good, from Aimia IR:
"At our Q1/22 results in May 2022, we disclosed that we expect to close the PLM transaction in 2 months from May (so sometime in July 2022).
As a reminder, Aimia needs to complete the Definitive Agreement and receive Mexican antitrust approval to close the PLM transaction. "
The Bad, my observation:
Chris Mittleman selling 150K shares within about 8 weeks of the anticipated close of the transaction, and losing out on ~$5 a share. Wait, what ?!?