February 1, 2016
Shares in Canadas Amaya Gaming are up one-quarter on Monday after CEO David Baazov tabled a C$2.8b offer to take the company private.
On Monday, PokerStars parent company Amaya issued a statement saying Baazov (pictured) and undisclosed partner investors were planning an all-cash $C21 per share offer to acquire the company and delist its shares.
Baazov, who currently owns 18.6% of Amaya shares, is offering a 40% premium to the companys closing price on Jan. 29. The company stressed that there was no guarantee that Baazov…
Read the full article at: http://calvinayre.com/2016/02/01/business/baazov-launches-bid-take-amaya-gaming-private/