Aimia Inc. (TSE:AIM) has released an update.
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Aimia Inc. has launched a substantial issuer bid to purchase its preferred shares in exchange for 9.75% senior unsecured notes, aiming to enhance liquidity and value for shareholders. This strategic move is expected to generate significant annual cash savings and a substantial gain from the transaction. The initiative marks the first step in Aimia’s strategic review process designed to unlock the company’s value.
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