Baazov To Bid For Amaya Inc.?

Chairman and chief executive officer makes known his intention to acquire Amaya

Chairman and chief executive officer of Amaya Inc. David Baazov has indicated to the board that he intends making an All-Cash Proposal to acquire Amaya at a price currently estimated by him to be C$21.00 per common share.
In light of the development, Amaya's board of directors has established a special committee of independent directors to review any proposal or other alternatives that may become available. Lead independent director Dave Gadhia will chair the committee.
Amaya noted that there can be no assurance that Baazov's intention will result in a formal bid or offer or that any such bid or offer will ultimately result in a completed transaction.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,462


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.

See More Posts