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CIBC provides further disclosure on Aimia press release

TORONTO, June 27, 2013 /CNW/ - CIBC (TSX: CM) (NYSE: CM) is providing 
additional disclosure on the press release issued by Aimia earlier today: 


    --  We have reviewed the proposed terms of the new contract
        provided by Aimia late yesterday.
    --  Upon legal review, we have concluded that the notice and
        document provided by Aimia to CIBC appears to have been
        intentionally structured in a way that attempts to nullify
        CIBC's right of first refusal and any ability to match.
    --  Given the structuring of the document and our contractual
        rights, we are exploring our options.

About CIBC

CIBC is a leading North American financial institution with more than 11 
million personal banking and business clients. CIBC offers a full range of 
products and services through its comprehensive electronic banking network, 
branches and offices across Canada, and has offices in the United States and 
around the world. You can find other news releases and information about CIBC 
in our Media Centre on our corporate website at www.cibc.com.

Kevin Dove, Head of External Communications at 
416-980-8835,kevin.dove@cibc.ca.

SOURCE: CIBC

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/June2013/27/c4051.html

CO: Canadian Imperial Bank of Commerce
ST: Ontario
NI: FIN 

-0- Jun/27/2013 19:29 GMT


 
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