Ainsworth Game Technology Recommends Shareholders Accept $1.30 Proportional Takeover Offer

MT Newswires Live

04/10

Ainsworth Game Technology (ASX:AGI) said its independent board committee unanimously recommends that shareholders accept an unconditional proportional off-market takeover bid by Kjerulf David Hastings Ainsworth, son of the company's founder, for 5.5% of each shareholder's ordinary shares at AU$1.30 cash per share, in the absence of a superior proposal, according to a Friday Australian bourse filing.

The independent board committee said it considers the offer to be priced at an acceptable premium.

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