Edition:
United Kingdom

Canadian Imperial Bank of Commerce (CM.TO)

CM.TO on Toronto Stock Exchange

123.53CAD
19 Sep 2018
Change (% chg)

$0.33 (+0.27%)
Prev Close
$123.20
Open
$123.17
Day's High
$124.00
Day's Low
$123.00
Volume
1,264,679
Avg. Vol
1,053,411
52-wk High
$124.37
52-wk Low
$107.29

Latest Key Developments (Source: Significant Developments)

CIBC Reports Q3 Adjusted EPS $3.08
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC ANNOUNCES THIRD QUARTER 2018 RESULTS.CANADIAN IMPERIAL BANK OF COMMERCE - QTRLY ADJUSTED DILUTED EPS $3.08.CANADIAN IMPERIAL BANK OF COMMERCE - CIBC ANNOUNCED AN INCREASE IN ITS QUARTERLY COMMON SHARE DIVIDEND FROM $1.33 PER SHARE TO $1.36 PER SHARE..CANADIAN IMPERIAL BANK OF COMMERCE QTRLY REPORTED DILUTED EARNINGS PER SHARE $3.01.  Full Article

Unifor Says Has Reached Out To Aeroplan & Air Canada For More Information On The Long-Term Implications Of Agreement To Purchase Aeroplan Business
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Air Canada ::UNIFOR SAYS HAS REACHED OUT TO AEROPLAN & AIR CANADA FOR MORE INFORMATION ON THE LONG-TERM IMPLICATIONS OF AGREEMENT TO PURCHASE AEROPLAN BUSINESS.  Full Article

Mittleman Brothers LLC Release Statement On Sale Of Aeroplan
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Mittleman Brothers LLC::MITTLEMAN BROTHERS LLC STATEMENT ON SALE OF AEROPLAN.MITTLEMAN BROTHERS LLC SAYS SALE OF AEROPLAN FOR C$450 MILLION IN CASH "WAS THE BEST AVAILABLE OUTCOME FOR ALL AIMIA STAKEHOLDERS".MITTLEMAN BROTHERS LLC SAYS AEROPLAN SALE SHOULD LEAVE AIMIA INC. WITH JUST OVER C$1B IN CASH.  Full Article

Air Canada, Td, Cibc, Visa And Aimia Reach Agreement For Acquisition Of Aeroplan Loyalty Business
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Aimia Inc ::AIR CANADA, TD, CIBC, VISA AND AIMIA REACH AGREEMENT IN PRINCIPLE FOR ACQUISITION OF AEROPLAN LOYALTY BUSINESS.AIMIA INC - PURCHASE PRICE CONSISTS OF $450 MILLION IN CASH AND ASSUMPTION OF APPROXIMATELY $1.9 BILLION OF AEROPLAN MILES LIABILITY.AIMIA INC - PURCHASE PRICE INCLUDES ASSUMPTION OF APPROXIMATELY $1.9 BILLION OF AEROPLAN MILES LIABILITY..AIMIA - MITTLEMAN BROTHERS HAS PROVIDED LOCK-UP AND SUPPORT AGREEMENT UNDER WHICH HAS AGREED TO VOTE IN FAVOUR OF PROPOSED TRANSACTION.AIMIA INC - TRANSACTION SUBJECT TO NEGOTIATION OF DEFINITIVE AGREEMENTS AND OTHER CONDITIONS.AIMIA INC - AGREEMENT IN PRINCIPLE WAS UNANIMOUSLY APPROVED BY AIMIA'S BOARD OF DIRECTORS AND IS SUPPORTED BY MITTLEMAN BROTHERS.AIMIA INC - MITTLEMAN BROTHERS OWNS APPROXIMATELY 17.6% OF AIMIA'S COMMON SHARES.  Full Article

Mittleman Brothers Sends Open Letter To Board Of Aimia
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Mittleman Brothers LLC::MITTLEMAN BROTHERS LLC - SENDS OPEN LETTER TO BOARD OF DIRECTORS OF AIMIA INC.MITTLEMAN BROTHERS SAYS IS AIMIA INC.'S LARGEST SHAREHOLDER WITH A 17.6% STAKE.MITTLEMAN BROTHERS-IF FAIR VALUE ISN'T "FORTHCOMING" FROM AIR CANADA-TD-CIBC-VISA GROUP,LET AEROPLAN PURSUE STRATEGY JEREMY RABE PREVIEWED ON JULY 20.MITTLEMAN BROTHERS - IF AIMIA CANNOT OBTAIN STAND-ALONE VALUE OF AEROPLAN, C$1B, MODEST CONTROL PREMIUM OF 20%, THEN WOULD PREFER AIMIA NOT SELL IT.MITTLEMAN BROTHERS SAYS AIMIA SHOULD NOT ACCEPT LESS THAN C$1 BILLION NET FOR ITS CORE ASSET.MITTLEMAN BROTHERS - POTENTIAL ONEWORLD AIRLINE ALLIANCE DEAL REVEALED ON AUG 1 & PORTER AIRLINES DEAL WOULD BOOST AEROPLAN VALUE BEYOND 2020.  Full Article

Aimia gives update on discussions with current partners regarding conditional acquisition of Aeroplan business
Friday, 3 Aug 2018 

Aug 2 (Reuters) - Aimia Inc ::UPDATE ON DISCUSSIONS WITH CURRENT PARTNERS REGARDING CONDITIONAL ACQUISITION OF AEROPLAN BUSINESS.ORIGINAL CURRENT PARTNER CONSORTIUM CASH CONSIDERATION WAS $250 MILLION, UPDATED TO $325 MILLION.AIMIA-ENGAGED IN CONSTRUCTIVE DISCUSSIONS WITH CURRENT PARTNERS, AIR CANADA, TORONTO-DOMINION BANK, CANADIAN IMPERIAL BANK OF COMMERCE, VISA CANADA CORP.AIMIA - AIMIA'S CURRENT PROPOSAL IS $450 MILLION, INCLUDING REVISED TERMS THAT REMOVE ALL UNCERTAINTY FROM DISCUSSIONS WITH CURRENT PARTNERS CONSORTIUM.HAS ENGAGED IN DISCUSSIONS WITH CURRENT PARTNERS REGARDING THEIR MOST RECENT UNSOLICITED OFFER TO ACQUIRE AEROPLAN LOYALTY PROGRAM BUSINESS.  Full Article

WSP To Acquire U.S.-Based Louis Berger
Monday, 30 Jul 2018 

July 30 (Reuters) - WSP Global Inc ::WSP TO ACQUIRE LOUIS BERGER, A US-BASED INTERNATIONAL PROFESSIONAL SERVICES FIRM.WSP GLOBAL INC - DEAL PURCHASE PRICE OF US$400 MILLION TO BE FINANCED BY AN UNDERWRITTEN TERM LOAN.WSP GLOBAL INC - EXPECTS DEAL TO BE MID-SINGLE DIGIT ACCRETIVE TO ADJUSTED EPS BEFORE AMORTIZATION OF INTANGIBLES, WITHOUT CONSIDERING ANY SYNERGIES.WSP GLOBAL INC - WSP EXPECTS TO INCUR APPROXIMATELY US$50 MILLION IN ONE-TIME INTEGRATION AND RESTRUCTURING COSTS RELATED TO DEAL.WSP GLOBAL INC - DEAL TO RESULT IN ABOUT US$15 MILLION RECURRING COST SYNERGIES WITHIN A YEAR AFTER CLOSING DATE.WSP GLOBAL - DEAL PURCHASE PRICE OF US$400 MILLION WILL BE FINANCED BY AN UNDERWRITTEN TERM LOAN FROM CANADIAN IMPERIAL BANK OF COMMERCE.  Full Article

CIBC Mellon Appoints Karen Rowe As Company's New Chief Financial Officer
Wednesday, 4 Jul 2018 

July 4 (Reuters) - CIBC Mellon::CIBC MELLON - APPOINTED KAREN ROWE AS COMPANY'S NEW CHIEF FINANCIAL OFFICER.CIBC MELLON - KAREN ROWE REPLACES DUNCAN WEBB.  Full Article

Cibc Receives TSX Approval For Normal Course Issuer Bid
Thursday, 31 May 2018 

May 31 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC RECEIVES TSX APPROVAL FOR NORMAL COURSE ISSUER BID.CANADIAN IMPERIAL BANK OF COMMERCE - APPROVAL WOULD PERMIT CIBC TO PURCHASE FOR CANCELLATION FROM TIME TO TIME UP TO NINE MILLION COMMON SHARES.  Full Article

CIBC says could reconsider FirstCaribbean IPO in future
Wednesday, 23 May 2018 

May 23 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC CFO SAYS BANK MAY RECONSIDER IPO OF FIRSTCARIBBEAN IF MARKET CONDITIONS IMPROVE, UNDER NO PRESSURE TO SELL THE BUSINESS.  Full Article

PRESS DIGEST- Canada-Sept 12

Sept 12 The following are the top stories from select Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.