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Canadian National Railway Company Message Board

ganion 1 post  |  Last Activity: Jul 29, 2014 1:03 PM Member since: Nov 18, 1999
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  • MONTREAL, July 28, 2014 /CNW/ - Amaya Gaming Group Inc. (TSX: AYA) ("Amaya" or the "Corporation") announced today that it has received all required approvals from the gaming regulatory authorities that currently license Rational Group Ltd. ("Rational Group"), owner and operator of the PokerStars and Full Tilt Poker brands, in connection with Amaya's previously announced acquisition of Rational Group (the "Proposed Transaction").

    UPDATE ON THE PROPOSED TRANSACTION

    Amaya also announced that it has received conditional approval from the TSX regarding the Proposed Transaction and the listing of Amaya common shares issuable in connection with the planned financing of the Proposed Transaction, including those underlying warrants, subscription receipts and convertible preferred shares issued in relation to the planned financing.

    Completion of the Transaction remains subject to, among other customary conditions, the approval of certain aspects of the planned financing for the Proposed Transaction by Amaya's shareholders, which are scheduled to consider the matter at the annual and special meeting of the Corporation's shareholders (the "Shareholder Meeting") on July 30, 2014. Assuming a favourable outcome at the Shareholder's Meeting, Amaya and Oldford Group Ltd., the parent company of Rational Group, intend to move expeditiously towards completion of the Transaction.

    Sentiment: Strong Buy

CNI
65.73+0.43(+0.66%)2:55 PMEDT

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