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Ainsworth Game Technology ( (AU:AGI) ) has provided an update.
Ainsworth Game Technology has received a proposal from Kjerulf Ainsworth for a proportional takeover bid, aiming to acquire 2.9% of each shareholder’s shares at $1.30 per share, which is a significant premium over recent trading prices. The Independent Board Committee recommends shareholders to accept the competing Novomatic Takeover Offer, which covers all shares, as it is considered fair and reasonable, while the proposed offer by Kjerulf Ainsworth does not appear to be a superior proposal.
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 a company operating in the gaming industry, primarily focused on the development and supply of gaming machines and related technology. The company is known for its slot machines and gaming solutions, catering to both domestic and international markets.
Average Trading Volume: 806,526
Technical Sentiment Signal: Buy
Current Market Cap: A$343.5M
Learn more about AGI stock on TipRanks’ Stock Analysis page.