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Amaya Appoints Financial Advisor as Details on Takeover Offer Start to Emerge

In a note sent to the media on Monday, the Amaya Inc. special committee of directors announced the appointment of Barclays Capital Canada Inc. and the Toronto-based law firm Blake, Cassels & Graydon LLP to evaluate any takeover offers the company may receive in the near future.

As the note explains, Barclays will act as the company's exclusive advisor to assess the all-cash buyout proposal that might come from the current CEO David Baazov by the end of February.

"Amaya Inc. announced that the special committee of the board of directors of Amaya has appointed Barclays Capital Canada Inc.