Login/Register
NetEnt
NetEnt
Solitics
BigTimeGaming

Innova board urges shareholders to reject Pollard Banknote offer

8th May 2017 6:54 am GMT

The board of Innova Gaming Group has urged its shareholders to reject the takeover offer from Pollard Banknote pending a strategic review to find a "financially superior" alternative.

The board has unanimously recommended that shareholders turn down Pollard's $2.10 per share cash offer amounting to CAD$43m.

Innova's board maintains that Pollard's offer undervalues the business and does not adequately compensate shareholders for tendering their shares. This has been supported by a written opinion from Innova's financial advisor Raymond James Ltd.

"The special committee [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.

Subscribe

Already a subscriber or registered user? Login

Greentube
Skywind
Pragmatic Play
EveryMatrix
Future Anthem
Playtech
Solitics