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News Breaks
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January 12, 2012
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| 05:39 EDT |  | CRYP |
| theflyonthewall.com: | CryptoLogic provides update on possible offer from Amaya Gaming | | CryptoLogic announced that on Dec. 15 its Board had received an approach from Amaya regarding a possible offer to acquire the entire issued and to be issued ordinary share capital of CryptoLogic. On the basis of the Possible Offer the Board of CryptoLogic agreed to allow Amaya to conduct confirmatory due diligence. The announcement also stated that Amaya must, by not later than 5.00 p.m. on Jan. 12, either announce a firm intention to make an offer for the company or announce that it does not intend to make an offer. In light of the progress that has been made in relation to the possible offer, the Panel has agreed that Amaya must by no later than 5.00 p.m. on Feb. 2, either announce a firm intention to make an offer for the company or announce that it does not intend to make an offer. :theflyonthewall.com |
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