Amaya CEO sells 7 million shares
David Baazov says he has sold seven million common shares in Amaya, the Montreal-based gaming company he founded and once led as CEO before he encountered legal troubles.
Baazov sold the stock on the S&P/TSX composite index for $19 per share, totalling $133-million.
The disposition leaves Baazov with roughly 17.6 million common shares, representing 12.1 per cent of the company’s issued and outstanding common stock.
He had proposed to buy Amaya, but walked away from the bid in December.