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Ainsworth Game Technology ( (AU:AGI) ) has provided an update.
Ainsworth Game Technology has lodged its formal target’s statement in response to an unsolicited, unconditional proportional off-market takeover bid from company founder Kjerulf David Hastings Ainsworth, who is seeking to acquire 2.9% of each shareholder’s ordinary shares at $1.30 per share in cash. The document, approved by an Independent Board Committee, has been filed with regulators and will be dispatched to shareholders in early January, but the committee has declined to make a recommendation at this stage, signalling a cautious stance that leaves investors to weigh the merits of the offer themselves and underscoring potential implications for the company’s ownership structure and governance as the bid progresses.
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 is an Australian-listed gaming manufacturer that designs and supplies gaming machines and related technology solutions to casinos and gaming venues, serving both domestic and international wagering markets.
Average Trading Volume: 206,186
Technical Sentiment Signal: Buy
Current Market Cap: A$340.2M
For a thorough assessment of AGI stock, go to TipRanks’ Stock Analysis page.