August 21, 2018 / 2:38 PM / a month ago

BUZZ-Aimia Inc: Rises as it accepts C$450 offer for Aeroplan loyalty program

** Data analytics firm’s shares up 11.2 pct at C$4.30, its highest in 8 months

** Aimia accepts offer of C$450 mln in cash for its Aeroplan loyalty program from Air Canada and its partners

** Sale includes assumption of $1.9 bln worth of Aeroplan’s frequent flier points

** Earlier this month, Aimia had suggested C$450 million as a fair price after its largest shareholder said previous offer of C$325 mln was cheap

** Air Canada’s shares up 5.5 pct at C$26.08

** AC separately said it will expand Alipay and Wechat Pay to its North American and Honk Kong websites

** Up to Monday’s close, AIM stock had risen 2.67 pct YTD, Air Canada’s shares had fallen 4.48 percent YTD (Reporting by Akshara P in Bengaluru)

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