Amaya's Offer For Cryptologic Nearing Completion

This story was published more than 12 years ago.

Company directors at Amaya Gaming and Cryptologic are nearing the final stages of an acquisition deal, with Cryptologic executives recommending the deal to shareholders.

Under the terms of the deal Amaya would buy out the shares of Cryptologic for $2.535 per share. The offer is dated February 17th, 2012 and will remain active until 3PM GMT on March 28th. Other details in the official offer include the terms and conditions of the offer, the Form of Acceptance and the Directors' Circular.

The deal is conditional upon valid acceptances being received in respect to more than 50% of the issued share capital of Cryptologic and having more than 50% of the voting rights attached to the share capital of Cryptologic at general meetings.

Current shareholders are encouraged to participate in the formalities in the documents that have been sent to them. Copies of the offer documents will be posted on the websites of Amaya Gaming and Cryptologic.