SectorWire
SearchRegister
MenuClose

Kjerulf Ainsworth offers AU1.30 per share for additional AGT stake

Deals & M&A

Kjerulf Ainsworth launched a proportional takeover bid for an additional 2.9% of Ainsworth Game Technology, offering shareholders AU1.30 per share. If fully accepted, the offer would raise his stake from 7.27% to 9.9%; Ainsworth also said he would seek a 12-month board seat. Novomatic had increased its holding to 61.5%.

The bid offers AGT shareholders another option and could increase Ainsworth’s stake and board involvement.

Connections

Request a correction

Flag an issue

Keep reading