{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
Markets
As of: {{timeStamp.date}}
{{timeStamp.time}}

Markets

{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}

Latest Videos

{{ currentStream.Name }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

More Video

May 22, 2019

Aimia buying back 34.9 million shares at $4.30 per share

A traveler pushes luggage through Luis Munoz Marin International Airport (SJU) in Carolina, Puerto Rico, on Sunday, Jan. 21, 2018. Before Hurricane Maria struck four months ago, 3.3 million people lived on the bankrupt island. Now, so many have left that it’s impossible to count.

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

MONTREAL - Aimia Inc. (AIM.TO) says it will buy back 22.9 per cent of its outstanding shares at a price of $4.30 each under a plan announced last month.

The loyalty rewards company says it will buy back roughly 34.9 million shares, reducing its issued and outstanding shares to about 117.4 million.

Aimia said last month it would spend up to $150 million to buy back stock under a "modified Dutch auction."

By buying back its shares, a company spreads its profits over fewer shares. That increases its return on equity and earnings per share, two key ratios used to determine a company's financial health.

The company says shares tendered to the offer but not repurchased will be returned to shareholders.

Aimia sold its Aeroplan loyalty program earlier this year to Air Canada.