July 25 (Reuters) - Air Canada AC.TO :
* PROPOSAL BY AIR CANADA, TD, CIBC AND VISA TO ACQUIRE AIMIA'S AEROPLAN LOYALTY BUSINESS
* AIR CANADA - PROPOSAL FOR AIMIA'S AEROPLAN LOYALTY BUSINESS IMPLIES APPROXIMATE VALUE OF $3.64 PER AIMIA INC. COMMON SHARE
* AIR CANADA - CO, TORONTO-DOMINION BANK, CIBC, VISA CANADA MADE PROPOSAL TO AIMIA INC TO ACQUIRE AEROPLAN LOYALTY BUSINESS FOR $250 MILLION IN CASH
* AIR CANADA - OFFER REPRESENTS A TOTAL PURCHASE PRICE OF ABOUT $2.25 BILLION
* AIR CANADA - OFFER INCLUDES ASSUMPTION OF ABOUT $2 BILLION OF AEROPLAN POINTS LIABILITY
* AIR CANADA -MARKET EQUIVALENT VALUE COMPRISED OF AEROPLAN LOYALTY UNIT PROPOSAL VALUE OF $1.64/AIMIA COMMON SHARE PLUS NON AEROPLAN LOYALTY PROGRAM NET ASSETS VALUED AT $2/COMMON SHARE
* AIR CANADA - PROPOSAL HAS AN EXPIRY DATE OF AUGUST 2, 2018