CryptoLogic Ltd. (CRYP, CRY.TO, CRP.L) Thursday said it has received an approach from Canada-based gaming software maker Amaya Gaming Group Inc. (AYA.V) regarding a possible offer to acquire the entire issued and to be issued ordinary share capital of CryptoLogic.
According to the announcement, Amaya must, by not later than 5.00 p.m. on January 12, either announce a firm intention to make an offer for the Company and it does not intend to make an offer.
The Board has requested that the Panel should extend the current deadline of 12 January 12 to afford Amaya time to complete its due diligence process and finalise its financing arrangements.
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