Plan for $2.8-billion bid by CEO Baazov to buy out Amaya, PokerStars_1
In a press release on Monday, David Baazov, chairman and chief executive officer of Montreal-based Amaya Inc, announced a plan for a takeover proposal of the company that owns Full Tilt Poker and Poker Stars.
Baazov is “in discussions” with an unnamed group of investors who have prepared an all-cash C$21 ($14.98) per share offer, to acquire full-ownership of Amaya, worth an estimated $2.5 billion, according to the media release. The offer represents a 40 percent premium to the company’s closing price on Friday on the Toronto Stock Exchange. Currently, 24.6 mi…