Cryptologic software provider of online casino had announced that gaming group of Amaya had given a provisional offer for purchasing its share capital. The provisional offer is cash amount of US$2.50 in one common share. On 14th of December, this is at 52% premium of from the closing share price worth US$1.64 in single common share on NASDAQ. Based on this offer, Board of Cryptologic software will allow Amaya for conducting their confirmation of due diligence.
This provisional offer will lead to satisfaction of three previous conditions. First condition is that Amaya will be able to compete with due diligence to satisfactory level and should also be satisfied with its results. The second condition is the common recommendation by Cryptologic Software Board. Third and last condition is confirmation given by Amaya that it has well financial condition for completing the offer. The announcement had also highlighted future courses of action in accordance with provisional offer.