Aimia Rejects Bid by Air Canada, TD, CIBC and Visa Canada Consortium for Aeroplan Program

Proposal provided the best outcome for all Aimia stakeholders and Aeroplan members, and provided the only opportunity for all Aeroplan Miles to transfer into Air Canada's new loyalty program. Proposed transaction, including cash and assumption of Aeroplan's redemption liabilities, would have delivered a sizeable premium to Aimia share price.