Founder launches second partial takeover bid for Ainsworth Game Technology

Ainsworth Game Technology ( (AU:AGI) ) has issued an update.

Ainsworth Game Technology has become the target of a second off‑market takeover bid by its founder, Kjerulf David Hastings Ainsworth, who is seeking to acquire a further 5.5% of the company’s fully paid ordinary shares at an offer price of $1.30 per share. The bid follows completion of the dispatch of the original bidder’s statement to eligible shareholders and could incrementally increase Mr Ainsworth’s stake and influence over the gaming group.

The offer is now open for acceptance until 7:00 p.m. Sydney time on 27 April 2026, providing shareholders a defined window to tender their stock into the partial bid. The bidder has also obtained targeted relief from the Australian Securities and Investments Commission, allowing more flexible timing for disclosure of his relevant interest and past share purchases, which facilitates his ability to acquire shares on‑market at or below the offer price ahead of and during the offer period.

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 gaming machine manufacturer focused on developing and supplying slot machines and related gaming solutions to casinos and gaming venues. The company operates in the regulated gaming industry and is listed on the Australian Securities Exchange under the ticker AGI.

YTD Price Performance: 17.82%

Average Trading Volume: 68,412

Technical Sentiment Signal: Buy

Current Market Cap: A$400.8M

For detailed information about AGI stock, go to TipRanks’ Stock Analysis page.