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Canadian Imperial Bank of Commerce (CM.TO)

CM.TO on Toronto Stock Exchange

109.69CAD
18 Jan 2019
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Latest Key Developments (Source: Significant Developments)

CIBC Increases NVCC Preferred Share Series 49 Issue
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC ANNOUNCES INCREASE TO NVCC PREFERRED SHARE SERIES 49 ISSUE.GROSS PROCEEDS OF OFFERING WILL NOW BE $325 MILLION.  Full Article

Cibc Confirms Participation In Air Canada's New Loyalty Program
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC CONFIRMS PARTICIPATION IN AIR CANADA'S NEW LOYALTY PROGRAM.CIBC - WILL BE OFFERING CREDIT CARDS UNDER AIR CANADA'S NEW LOYALTY PROGRAM WHICH IS EXPECTED TO LAUNCH IN 2020.  Full Article

CIBC reiterates 2019 earnings growth target
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC CANADIAN HEAD SAYS EXPECTS MORTGAGE PORTFOLIO TO GROW IN LINE WITH OVERALL MARKET GOING FORWARD.CIBC CEO SAYS BANK EXPECTS 2019 TO PRESENT MORE MACRO-ECONOMIC CHALLENGES THAN 2018.CIBC CEO SAYS EXPECTS BANK TO MEET EARNINGS GROWTH TARGET BETWEEN 5 PERCENT AND 10 PERCENT IN 2019.  Full Article

Canadian Imperial Bank Of Commerce Reports Qtrly Adjusted Diluted EPS $3.00
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Canadian Imperial Bank of Commerce ::CIBC ANNOUNCES FOURTH QUARTER AND FISCAL 2018 RESULTS.QTRLY REPORTED DILUTED EARNINGS PER SHARE $2.80.QTRLY ADJUSTED DILUTED EPS $3.00.QTRLY REVENUE $4.45 BILLION VERSUS $4.27 BILLION.Q4 EARNINGS PER SHARE VIEW C$3.04, REVENUE VIEW C$4.57 BILLION -- REFINITIV IBES DATA.Q4 OF 2018 WERE AFFECTED BY ITEMS AGGREGATING TO A NEGATIVE IMPACT OF $0.20 PER SHARE.  Full Article

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

PRESS DIGEST- Canada - Jan 9

Jan 9 The following are the top stories from select Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.