Ainsworth Game Technology Board Backs Novomatic Offer as Proportional Takeover Offer Arrives; Shares Up 6%

MT Newswires Live2025-10-23

Ainsworth Game Technology (ASX:AGI) has received a proposed proportional takeover offer from Kjerulf Ainsworth for just 2.9% of each shareholder's holdings, but the company's board continues to recommend shareholders accept the full Novomatic takeover offer, according to a Thursday filing with the Australian bourse.

Novomatic won't accept the proposed proportionate offer, which limits Kjerulf Ainsworth's potential share acquisition to under 1%, and the independent board committee does not consider the offer superior, per the filing.

The Novomatic offer is scheduled to close on Nov. 3, unless an extension is granted, the filing said.

The company has not received sufficient information to fully assess the proposed proportionate offer, so shareholders are advised to take no action, the filing added.

The company's shares rose past 6% in recent Thursday trade.

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