Dec 24 (Reuters) - Air Canada AC.TO :
* ACQUISITION OF AEROPLAN LOYALTY BUSINESS BY AIR CANADA CLEARS REGULATORY REQUIREMENTS
* DEAL FOR $450 MILLION IN CASH
* AIR CANADA REMAINS IN NEGOTIATIONS WITH AMERICAN EXPRESS TO SECURE ITS CONTINUED PARTICIPATION IN AEROPLAN PROGRAM AFTER 2020.
* DEAL INCLUDES ASSUMPTION OF APPROXIMATELY $1.9 BILLION OF AEROPLAN MILES LIABILITY
* VISA WILL ALSO BE MAKING A PAYMENT TO AIR CANADA
* IN ADDITION, TD AND CIBC WILL MAKE PAYMENTS TO AIR CANADA, AT CLOSING, IN AGGREGATE AMOUNT OF $400 MILLION AS PREPAYMENTS
* IN RECEIPT OF REQUIRED CONFIRMATION UNDER CANADA TRANSPORTATION ACT AND A "NO ACTION LETTER" ISSUED BY CANADIAN COMPETITION BUREAU