Ainsworth Game Technology’s Independent Board Committee has reiterated its recommendation for shareholders to accept Novomatic AG’s off-market offer.
Australia.- Ainsworth Game Technology has reaffirmed its support for the unconditional off-market takeover bid by Novomatic AG. The company’s Independent Board Committee (IBC) recommended that shareholders accept the offer for all ordinary shares not already owned by the Austrian company.
The offer, valid until November 3, values Ainsworth at approximately AUD336.8m (US$222.5m). Novomatic currently controls 61.6 per cent of Ainsworth’s shares, up from the 52.9 per cent acquired in 2016 from company founder Len Ainsworth. It has signalled its intention to delist Ainsworth once its ownership surpasses 75 per cent. The company may also pursue compulsory acquisition should its stake exceed 90 per cent.
The reaffirmation of support follows a proportional takeover proposal from Kjerulf David Hastings Ainsworth, the company’s founder’s son, who has offered to acquire 2.9 per cent of each shareholder’s holdings at AUD 1.30 (US$0.85) per share, a 28.7 per cent premium. The IBC said this does not constitute a superior proposal and advised shareholders to take no action on it at this stage.
Kjerulf Ainsworth said the intention behind his offer was to make the higher price available to all shareholders while maintaining his ownership below 10 per cent.
Ainsworth Game Technology’s Independent Board Committee has reiterated its recommendation for shareholders to accept Novomatic AG’s off-market offer. Australia.- Ainsworth Game Technology has reaffirmed its support for the unconditional off-market…
O iGaming & Gaming International Expo - IGI, é um evento inovador criado para reunir empresas e empreendedores, profissionais, investidores, dos setores de iGaming e jogos. Com foco total em networking, exposição e feira de negócios. Além de ser uma fonte inigualável de informações sobre as tendências e o futuro das indústrias nos próximos anos.
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Ainsworth Game Technology’s Independent Board Committee has reiterated its recommendation for shareholders to accept Novomatic AG’s off-market offer.
Australia.- Ainsworth Game Technology has reaffirmed its support for the unconditional off-market takeover bid by Novomatic AG. The company’s Independent Board Committee (IBC) recommended that shareholders accept the offer for all ordinary shares not already owned by the Austrian company.
The offer, valid until November 3, values Ainsworth at approximately AUD336.8m (US$222.5m). Novomatic currently controls 61.6 per cent of Ainsworth’s shares, up from the 52.9 per cent acquired in 2016 from company founder Len Ainsworth. It has signalled its intention to delist Ainsworth once its ownership surpasses 75 per cent. The company may also pursue compulsory acquisition should its stake exceed 90 per cent.
The reaffirmation of support follows a proportional takeover proposal from Kjerulf David Hastings Ainsworth, the company’s founder’s son, who has offered to acquire 2.9 per cent of each shareholder’s holdings at AUD 1.30 (US$0.85) per share, a 28.7 per cent premium. The IBC said this does not constitute a superior proposal and advised shareholders to take no action on it at this stage.
Kjerulf Ainsworth said the intention behind his offer was to make the higher price available to all shareholders while maintaining his ownership below 10 per cent.
Ainsworth Game Technology’s Independent Board Committee has reiterated its recommendation for shareholders to accept Novomatic AG’s off-market offer. Australia.- Ainsworth Game Technology has reaffirmed its support for the unconditional off-market…
O iGaming & Gaming International Expo - IGI, é um evento inovador criado para reunir empresas e empreendedores, profissionais, investidores, dos setores de iGaming e jogos. Com foco total em networking, exposição e feira de negócios. Além de ser uma fonte inigualável de informações sobre as tendências e o futuro das indústrias nos próximos anos.
📢 Receba em primeira mão notícias relevantes e fique por dentro dos principais assuntos sobre Igaming e Esportes no Brasil e o mundo. Siga no Whatsapp!
...
