Marlon Goldstein<\/strong>., along with three other employees will participate in the take-over bid. Amaya did not specify the names of the other three executives but has committed to releasing information on this deal as soon as any progress is made.<\/p>\nThe special committee has reconfirmed that it has received no formal proposal as yet and there is no assurance that the notice from the company\u2019s CEO will result in a completed transaction. Media reports suggest that that Baazov has engaged Goldman Sachs<\/strong> and Deutsche Bank<\/strong> as financial advisers for the possible buy-out but Baazov has neither confirmed nor denied these rumours. <\/p>\nMarket analysts have advised a wait-and-watch approach to investors, terming the take-over bid to be an opportunistic bid. Investment bank Macquarie<\/strong> has said that the investors should hold-out for a better price as they estimate the shares to be around at C$33. According to data from Bloomberg, analysts\u2019 expectation of its target price was $34.78 as against the current market price of C$19 and the offer price of C$21. Other reports indicate that shareholders believe that while the deal is likely to go through, it will be not at the current price being offered by Baazov. <\/p>\nAmaya has strong presence in both Business-to- Consumer (B2C)<\/strong> and Business-to-Business (B2B)<\/strong> segments in the gaming and entertainment industry. The company owns PokerStars, Full Tilt Poker, StarsDraft<\/strong> and runs a number of popular live poker tournaments like the Latin American Poker Tour and the Asia Pacific Poker Tour<\/strong>.<\/p>\nThe stock has however been underperforming for more than a year after legal issues hampered growth in online poker and daily fantasy sports operations. The company shares have dropped almost 50 percent from its peak price of C$34 in July 2015 to around $17 during the first week of Feb.<\/p>\n","protected":false},"excerpt":{"rendered":"
Canadian based Amaya Inc. has announced that a special committee formed by its board of directors has decided to hire investment bank Barclays Capital Canada Inc to examine the unofficial proposal made by its Chief Executive David Baazov to buy-out PokerStars and turn it into a private limited company. Baazov had earlier stated that he…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n
Amaya Inc Appoints Barclays Capital For CEO\u2019s Takeover Bid<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n