Ex-Amaya CEO wants to buy the gambling company
The offer price of $24 per share represents a premium of 30.9 per cent to Amaya’s Friday close of $18.34.
Baazov, who already owns about 17.2 per cent of Amaya, including options, said on Monday he had made the offer on behalf of a to-be-formed entity led by him.
““Amaya said in February it had received a non-binding proposal from Baazov to take the company private
”
Two months after Baazov made the offer, he was charged with insider trading by Quebec’s securities regulator, and the company said he was taking an indefinite paid leave of absence.
The charges followed an investigation into Baazov and other executives in 2014 for trading in Amaya’s stock ahead of the company’s US$4.9 billion takeover of PokerStars-owner Rational Group.
British bookmaker William Hill Plc and Amaya abandoned merger talks in October, after the deal was thrown into doubt when a leading investor in William Hill said it would oppose the plan.
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