David Baazov’s bid to retake control of the company he formerly led as chief executive has taken another turn, with one of his named investors claiming to have no involvement in the deal. Here is what we know so far.
Insider trading charges have not proved damaging enough to deter David Baazov from pushing ahead with his bid to acquire Amaya and de-list it from the Toronto and New York Stock Exchanges. Many had expected this to derail his takeover attempt, especially after he resigned from the company’s board and his executive role, but his CAD$24 per share bid lodged earlier this month shows he remains serious.
But the saga took another strange twist this week after one of the finance firms named in his bid said that it does not know "what Amaya is".