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BRIEF-Aimia sells air miles trademarks for Canada to diversified Royalty Corp for total consideration of up to $67 million
August 25, 2017 / 9:11 PM / a month ago

BRIEF-Aimia sells air miles trademarks for Canada to diversified Royalty Corp for total consideration of up to $67 million

Aug 25 (Reuters) - Aimia Inc:

* Aimia sells air miles trademarks for Canada to diversified Royalty Corp for total consideration of up to $67 million

* Aimia - co transfers air miles trademarks, license, royalty agreements for Canada to diversified royalty for a cash consideration of about $53.75 million​

* Aimia - ‍additional contingent consideration, up to maximum of about $13.75 million, may be paid within next three years, based on performance of program​

* Aimia Inc - ‍expects to pay cash taxes related to sale of these trademarks in 2018 of between $13 million and $16 million​ Source text for Eikon: Further company coverage:

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