11:47 AM EST - Amaya Inc. : announced the completion of its sale of Cadillac Jack, Inc. and provided certain corporate updates. All dollar figures are in Canadian dollars. Pursuant to the previously announced Stock Purchase Agreement, AGS has purchased all of the shares of Amaya Americas for an aggregate purchase price of approximately $476 million, comprising cash consideration of approximately $461 million and a $15-million payment-in-kind note, bearing interest at 5.0% per annum and due on the eighth anniversary of the closing date. Proceeds from the Transaction were used to help repay in full Cadillac Jack's debt and other associated costs. Amaya Inc.
shares T.AYA are trading up $0.56 at $34.76.
