David Baazov decides not to seek reelection to Amaya Board
It seems that Baazov is confident that the allegations against him will not stick. Amaya recently confirmed that he would not be seeking reelection to the board, a surefire sign that he is plowing ahead with his offer to take the company private.
Daniel Sebag, Amaya CFO, also confirmed that he would not be seeking reelection, which suggests he may be one of several unnamed Amaya execs on board with Baazov.
“To date, several parties, including David Baazov, who is on a leave of absence as chairman and chief executive officer of Amaya, have entered into confidentiality agreements with Amaya,” announced the company in a separate new release Monday. “A number of these parties have received management presentations and are conducting due diligence.
“While there can be no assurance that this process will result in a transaction of any kind, the Special Committee is focused on completing its review of strategic alternatives in a timely manner.”
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