Amaya Execs Meet Shareholders
By Casinomeister, Last updated Jul 1, 2016
Meeting briefed on negotiations with potential buyers
Pokerstars and Full Tilt parent group Amaya Inc. is apparently studying offer from "several" potential buyers, and is conducting due diligence for a possible takeover, according to reports Tuesday in the Montreal press.
Company executives met with shareholders Tuesday to discuss developments for the first time since CEO, chairman and important shareholder David Baazov stepped down in order to focus on insider trading charges laid against him by the Quebec securities regulator.
Media reports note that Baazov is said to be leading one of the acquisition offers, but all parties are bound by confidentiality agreements and details are sparse.
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