Breaking: Air Canada, TD, CIBC, Visa to Acquire Aeroplan

Back in May last year, Air Canada announced that they were ending their Aeroplan partnership. This caused a huge drop in Aimia’s share price, the company that owns Aeroplan. Last month, Air Canada offered to buy Aeroplan from Aimia in a $250 million cash deal and assumption of $2B in outstanding points liabilities. Aimia rejected…

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