David Baazov returns with $6.7bn offer to acquire Amaya

14th November 2016 2:05 pm GMT

Amaya founder and former chief executive David Baazov has made a strong offer to take the business private, submitting a bid of CAD$24 per share to acquire 100 per cent of the business.

Baazov delivered his bid to Amaya Monday, highlighting the “immediate compelling value” of the bid to shareholders, who would receive a 30.8 per cent premium on their shares based on the closing price on November 11th.

Compared to Amaya’s share price [...]