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rcman

31,680 Posts.

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20/04/18

09:06

Post #: 32576362
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Originally posted by rcman ↑

TORONTO, ONTARIO--(Marketwired - April 21, 2017) - MM Asset Management Inc. ("MMAM") announced that it intends to reject the offer made by Pollard Banknote Limited ("Pollard") to acquire Innova Gaming Group Inc. ("INNOVA") for $2.10 per Share. MMAM exercises control or direction over approximately 11.3% of the outstanding common shares of Innova.
MMAM believes that Pollard's offer materially undervalues Innova common shares, which have an analyst target price range of $3.00 to $4.50 per share. Notably, Innova completed its initial public offering less than 2 years ago at $4 per share.
MMAM encourages Innova's special committee to run a full strategic review process that we expect will lead to a sale transaction at a significantly higher price.

Contact Information:
Albert Maierovits

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Are they going to reject the offer made by MIN ?

AGO Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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