https://www.liquidpoker.net/


LP international Poland    Contact            Users: 449 Active, 1 Logged in - Time: 13:44

Analysts recommending to Amaya shareholders: "forget Baazovs bid, cut all ties to him"

New to LiquidPoker? Register here for free!
Forum Index > Poker News
Garfed   Malta. Dec 08 2016 22:59. Posts 4818

Activist and investor Jason Ader wants Canadian online gambling operator Amaya Gaming company to forget David Baazov’s takeover bid, recommending they cut all the ties with the ex-CEO facing insider-trading charges.

Last Friday, Toronto’s Globe & Mail newspaper published analysis of the “murky” finances underpinning Baazov’s C$24 offer to acquire Amaya and take it private. The article quoted a letter that Ader’s SpringOwl Asset Management sent Amaya on Thursday, urging the board to reject Baazov’s bid and to cut the ties with their former CEO.

In the letter, Ader said it is “time for the company to fully move on from the undue influence” of Baazov. Ader called Baazov’s bid “a continued attempt by a discredited former executive to capitalize on the Amaya situation at other shareholders’ expense.”

They also added that Baazovs bid is “not supportive of the self-interested, unsubstantiated potential transaction” which, given Baazov’s “current legal situation and the lack of clarity … has significant risks to closing.”

SpringOwl holds over 2% of Amaya, having doubled its stake since September 30. Ader is not shy about voicing his opinion regarding his investments, having successfully led the charge to force the underperforming Bwin.party digital entertainment to make some badly needed strategic shifts and changes in its board of directors a couple years ago.

Ader’s letter suggested Amaya would be better off forgetting Baazov’s bid, putting his 17% stake in the company into trust and stop paying his salary and legal fees. Only when that clean break is made Amaya can get back to focusing on its ongoing efforts to boost its new casino and sports betting verticals.

Facebook Twitter

austrian oak   Belgium. Dec 10 2016 21:26. Posts 520

This guy looks soooo shady as fuck.

Valor pleases you, Crom... so grant me one request. Grant me revenge! And if you do not listen, then to HELL with you! 

 



Poker Streams

















Copyright © 2024. LiquidPoker.net All Rights Reserved
Contact Advertise Sitemap