Baazov Bids to Take Amaya Private with $6.7 Billion Offer
Key Takeaways
  • The bid of CAD$24 per share represents a premium of almost 31% per share based on Friday’s stock price.
  • “While Amaya incurs the substantial costs and scrutiny associated with being a reporting company, it obtains no benefit from being public.”
  • The offer comes on the heels of an unsuccessful merger attempt between Amaya and William Hill last month.

David Baazov, former Chairman, President and CEO of Amaya, announced on Monday that he has delivered an offer to purchase 100% of the common shares of Amaya to the current Chairman of the Board of Directors.