Amaya Appoint Financial Advisor (update)

In anticipation of acquisition bid from chief executive officer

Amaya Inc's special committee of board directors, established to deal with an expected acquisition bid from current chief executive officer and chairman David Baazov, has appointed Barclays Capital Canada Inc. to act as its exclusive financial advisor and Blake, Cassels & Graydon LLP as its legal advisor.
The announcement reveals that Baazov's notification of the possibility of an all-cash offer may include participation from Amaya's executive vice president, corporate development and general counsel along with three other unnamed employees.
Baazov, who has bandied about an amount of C$21 per common share, is expected to submit a formal proposal by the end of February 2016 subject to certain contingencies.
See video discussion on the proposed deal here:
http://www.theglobeandmail.com/report-on-business/amaya-says-four-employees-may-join-ceo-in-buying-pokerstars-owner/article28642704/

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts