Amaya Taps Barclays to Reviewing a Pending Buyout Proposal from CEO
Canadian company Amaya Inc, who is an operator of the online gambling website
Poker Stars
, said that a special committee of their board has contacted Barclays to review an all-cash offer from their Chief Executive David Baazov.
Earlier in February, Amaya disclosed that they had received From Mr Baazov, a non-binding proposal to take the company private for a C$21 a share.
A special committee appointed has engaged Blake, Cassels & Graydon as their legal advisor to deal with the notice received from Mr. Baazov.
Spoksperson for the special committee said that they have not yet received a formal bid as yet, that there are no assurances that Mr. Baazov's notice will eventually result in a formal bid or offer.
Mr. Baazov has indicated in a recent regulatory filing that he had recently engaged in preliminary discussions with some potential investors and it was his intention, subject to some contingencies, for him to submit a formal proposal.
General News
- Ignition Casino New Features February 25, 2021
- Bingo Ribeirinhos at Ignition Casino February 25, 2021
- Set the Fires Alight with Ignition Casino Bitcoin Welcome Bonus February 25, 2021
- Ignition Casino turns up the Heat with the Acquisition of Bovada Poker February 25, 2021
- Ignition Casino Big Payout February 25, 2021
- Play for Fun at the Ignition Casino February 25, 2021
- It's A Bingo Goal at Ignition Casino February 25, 2021
- Put a Little Life Into Your Online Gaming With Ignition Casino February 25, 2021
- Will You Be King of Slots at the Fruity King Mobile Casino? February 7, 2021
- Will You Take a Chance at the Deal or No Deal Spins Casino? February 7, 2021