David Baazov, the Chief Executive of Montreal-based Amaya Inc, the company that owns the PokerStars brand, has announced that he and and a group of investors are to make a bid to acquire the company.
The proposal would see an all-cash proposal to acquire Amaya shares at a price currently estimated to be C$21.00 per common share. Shares closed on Friday at the price of C$14.99.
The board of directors of Amaya has established a special committee of independent directors to review any proposal that may be forthcoming although no formal bid or offer has been received as yet.
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