Q: Peter and Team,
Any thought on Amaya's announcement this mornging that they are increasing the size of the preferred share offering? They are convertible at $24 so my first thought was that this is good and that there is demand from the group of pros investing here for stock at $24. However, I wonder why Amaya would do this... I thought they knew how much money they needed to do this deal when it was originally announced. What are the new funds to be used for?
Thoughts?
Any thought on Amaya's announcement this mornging that they are increasing the size of the preferred share offering? They are convertible at $24 so my first thought was that this is good and that there is demand from the group of pros investing here for stock at $24. However, I wonder why Amaya would do this... I thought they knew how much money they needed to do this deal when it was originally announced. What are the new funds to be used for?
Thoughts?