Mittleman Brothers Announces Comprehensive Settlement With Aimia Inc.
AIMIA INC (GAPFF)
Company Research
Source: PR Newswire
NEW YORK, Nov. 18, 2019 /PRNewswire/ -- Mittleman Brothers LLC ("Mittleman Brothers" or "we" or "us"), is a value-oriented investment firm which through subsidiaries and with affiliates is the largest shareholder of Aimia Inc. (TSX: AIM) ("Aimia" or the "Company"), owning or exercising control over more than 23% of its outstanding shares, and has been a major shareholder since first purchasing shares on May 19, 2017.Mittleman Brothers today announced it and its wholly owned subsidiary, Mittleman Investment Management LLC (together, "Mittleman"), have entered into a comprehensive settlement agreement (the "Agreement") with Aimia and with Charles Frischer. Mr. Frischer, together with certain other shareholders (together, the "Requisitioning Shareholders") who owned not less than 5% of the Company at the time, recently requisitioned a special meeting of Aimia's shareholders for the purposes of replacing four members of the Company's board of directors. The Company announced that the req
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