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The latest update is out from Ainsworth Game Technology ( (AU:AGI) ).
Ainsworth Game Technology has lodged its Target’s Statement in response to an unsolicited, unconditional proportional off-market takeover offer from company founder Mr Kjerulf David Hastings Ainsworth to acquire 5.5% of each shareholder’s ordinary shares at $1.30 per share in cash. The Independent Board Committee has unanimously recommended that shareholders accept the offer, in the absence of a superior proposal, signalling that the board views the bid premium as attractive and that a partial increase in the founder’s stake is not seen as adverse to minority investors, potentially stabilising the register while providing shareholders with immediate liquidity at a favourable price.
The most recent analyst rating on (AU:AGI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Ainsworth Game Technology stock, see the AU:AGI Stock Forecast page.
More about Ainsworth Game Technology
Ainsworth Game Technology Ltd is an Australian-listed gaming equipment manufacturer focused on designing, developing, and supplying gaming machines and related technology to casinos and gaming venues. The company operates primarily in the slot machines segment, serving domestic and international markets under the AGT brand.
Average Trading Volume: 70,546
Technical Sentiment Signal: Sell
Current Market Cap: A$333.4M
See more data about AGI stock on TipRanks’ Stock Analysis page.