Monday February 1,2016 : BAAZOV TO BID FOR AMAYA INC.?
Chairman and chief executive officer makes know 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.