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 around 40 per cent on its closing price of CAD$14.99 per share on Friday January 29th.

Premium subscribers continue here to the full article.