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CryptoLogic and Amaya agree acquisition terms

2nd February 2012 8:31 am GMT

Having ended a three year losing streak with a return to profit in the third quarter of 2011, online casino games supplier CryptoLogic looks set to continue its resurgence as a part of Amaya Gaming Group.

The company said Thursday that it will recommend that shareholders accept the US$2.535 per share cash offer from Amaya, which represents a premium of 56 per cent and 105 per cent over the December 14th closing price of CryptoLogic shares [...]

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