The CEO of the PokerStars parent company declares a non-binding proposal to acquire the company.

David Baazov

In a statement to media, Amaya CEO and Chairman David Baazov has indicated he plans to buy the company at a rate of C$21 per share, which is a 40% premium based on the company's closing price on Friday.

The Amaya board of directors have announced a special committee to review any proposal that may be forthcoming, as well as other alternatives that may become available to Amaya.

Baazov currently owns 24,564,047 common shares of Amaya, representing approximately 18.6% of the shares in the company.

Global Poker Index CEO Alex Dreyfus commented on the announcement, suggesting it could see Amaya delist from the NASDAQ and TSX.

Shareholders have been advised that no action is required of them at this time.

Barry Carter Barry Carter is the editor of PokerStrategy.com and the co-author of The Mental Game of Poker 1 & 2. Twitter

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