June 27, 2013

CIBC is exploring options in regards to loyalty program

TORONTO - CIBC is providing additional disclosure on the press release issued by Aimia earlier today:

* We have reviewed the proposed terms of the new contract provided by Aimia late yesterday.

* Upon legal review, we have concluded that the notice and document provided by Aimia to CIBC appears to have been intentionally structured in a way that attempts to nullify CIBC's right of first refusal and any ability to match.

* Given the structuring of the document and our contractual rights, we are exploring our options.

 

 

 

 

 

Home | Magazine | Market | Company | eNewsletter | News |Advertising | Subscriptions | Contact Us | Site Map

All material © Lloydmedia, Inc.
302-137 Main Street North
Markham, ON L3P 1Y2
905-201-6600 / 1-800-668-1838