Newspaper article The Canadian Press

Baazov Filing Says US$3.45 Billion Still Lined Up to Take Amaya Private

Newspaper article The Canadian Press

Baazov Filing Says US$3.45 Billion Still Lined Up to Take Amaya Private

Article excerpt

Baazov forges ahead with Amaya takeover attempt

--

MONTREAL - The founder and former chief executive of online gaming firm Amaya Inc. says he still has US$3.45 billion in committed financing from a pair of Hong-Kong-based investors lined up to buy the company.

That's US$200 million less than the original financing plan announced last week following a revelation that one of the firms David Baazov had said was backing his proposed takeover has no plans to do so.

Baazov, who is leading a group that has offered C$24 per share for the company, made a new filing with U.S. regulators on Friday that removed KBC Aldini Capital of Dubai from a list of four committed financial backers. Ferdyne Advisory Inc. was also dropped from the new list, without explanation.

The filing says Hong Kong-based Head & Shoulders Global Investment Fund and Hong Kong-based Goldenway Capital have signed amended binding commitment letters worth a total of US$3. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.