And not to thread spam but Aimia just declined the Aeromexico offer stating that they get almost $80 million in dividend payments yearly till 2030
*Edit* stock price is up ¢10 since the rejection on almost half a million shares traded. Overall 3 million shares traded today, up 3.25%
Pretty strong GFY reply from Aimia, 1 down and 1 to go. At least management knows a bad deal when they see one."The Company has promptly rejected the offer as it believes that its stake in PLM is worth significantly more than the offer price, which reflected no improvement whatsoever to the terms previously proposed by Aeromexico to Aimia in prior discussions between the parties," Aimia said in a statement Thursday.
Aimia noted that PLM generated adjusted earnings before interest, taxes, depreciation and amortization of US$77.4-million in 2017, and the contract between the two parties runs until 2030.
*Edit* stock price is up ¢10 since the rejection on almost half a million shares traded. Overall 3 million shares traded today, up 3.25%
Last edited by kr0zet on Jul 26th, 2018 2:13 pm, edited 1 time in total.