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Amaya to initiate share buyback and divest remaining B2B assets

12th January 2015 1:31 pm GMT

Rational Group owner Amaya confirmed Monday that it has received and is evaluating non-binding proposals for its land-based gaming business Cadillac Jack, and intends to explore various strategic opportunities to divest its other B2B assets.

The announcement was made alongside plans for the company to initiate a share buyback programme.Amaya intends to make a normal course issuer bid (NCIB) to purchase and cancel up to 5,399,631 common shares over a one-year period, representing up to [...]

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