GAPFF - Aimia Vs. Air Canada: Who Has The Upper Hand?
AIMIA (OTCPK:GAPFF) saga took a rather unexpected turn in the last 2 weeks. First, the announcement by AIMIA that they were starting their own charter service to continue to offer some sort of airline service post Aeroplan termination gave a big boost to the stock. However the real surprises appeared later in the week with Air Canada (OTCQX:ACDVF) doing a 180 degree turn and offering to buyout AIMIA in a deal valued at $2.25 billion.
Air Canada, The Toronto-Dominion Bank ("TD"), Canadian Imperial Bank of Commerce ("CIBC"), and Visa Canada