Amaya Management Buyout?

Amaya shareholders have received a non-binding offer from our CEO to buy the remainder of the company’s shares for $21 per share.  AYA shares are currently trading well below the offer price, which means the market is skeptical a deal will get done.  It seems foolish for Amaya shareholders to sell at this point as there is so much more work and growth to do before realizing the value of Amaya global scale and brand.

PokerStars owner Amaya says CEO proposes takeover

(Reuters) – Canada’s Amaya Inc AYA.TO AYA.O, operator of online gambling website PokerStars, said it received a non-binding proposal from Chief Executive David Baazov to buy the company for about C$21 per share. Amaya’s U.S.-listed shares were up about 22 percent at $12.88 in premarket trading.

 

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