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Amaya shares boosted as CEO Baazov prepares $2.8bn takeover bid

1st February 2016 2:43 pm GMT

Amaya has seen its share price rise by almost a third today after chief executive David Baazov announced that he may bid to acquire the business outright, with the company establishing a special committee to review this and any other proposal to take over the business.

Baazov, supported by a group of unnamed investors, intend to make an all-cash proposal to buy out other shareholders at a price of CAD$21.00 per common share. This represents a premium of [...]

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