BRIEF-CIBC unveils plans for travel card alternative as Aimia talks drag on

TORONTO Thu May 30, 2013 8:32am EDT

TORONTO May 30 (Reuters) - Canadian Imperial Bank of Commerce : * To invest C$50 million over next four quarters to develop travel card

alternative to aeroplan in the event talks with Aimia Inc fail * CEO says will review possibility of renewing share buyback plan in

fourth quarter * CEO says still working to close atlantic trust acquisition in second

half of 2013