BMO signs deal to acquire Air Miles loyalty rewards program
Financial terms of the agreement were not immediately available.Air Miles president Shawn Stewart says the deal will have no impact on collectors’ reward miles balances or on their ability to collect and redeem miles.
The deal has been proposed as part of LoyaltyOne’s proceeding under the Companies’ Creditors Arrangement Act.The process will include a sale and investment solicitation process to seek any other interest in the Air Miles business and will require court approval.
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BMO signs deal to acquire Air Miles loyalty programBMO Financial Group has signed a deal to acquire the Air Miles loyalty program. Find out more
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Lire la suite »
Can Canada's BMO make it in U.S. retail banking?The Bank of Montreal has been making U.S. acquisitions for four decades but is now aiming for national scope. Find out more.
Lire la suite »