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Glass Lewis recommends Aimia Canada sale to Air Canada

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Glass Lewis recommends Aimia Canada sale to Air Canada

Proxy advisory firm Glass Lewis & Co. recommended that shareholders of Aimia Inc. vote in favor of the proposed sale of Aimia Canada Inc. to Air Canada.

Glass Lewis cited the "certainty of value for the Aeroplan business" for recommending the C$450 million all-cash deal, which is expected to complete in January 2019.