Key Takeaways
- David Baazov, Chairman and Chief Executive Officer of Amaya Inc., intends to make “an all-cash proposal” to purchase the company.
- Amaya announced the news on Monday as part of a procedural move required in order to pursue financing for the deal.
- Baazov estimates the offer to purchase the company will be based on a share price of C$21.00 ($15), a 40% premium based on the last closing price prior to the announcement.
David Baazov, Chairman and Chief Executive Officer of Amaya Inc., intends to make “an all-cash proposal” to purchase the company. Amaya announced the news on Monday as part of a procedural move required in order to pursue financing for the deal.
