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Why Did Ainsworth Scrap the Scheme but Still Back Novomatic’s $1 Bid?

11:16pm on Friday 29th of August, 2025 AEST Gaming
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Why Did Ainsworth Scrap the Scheme but Still Back Novomatic’s $1 Bid?

11:16pm on Friday 29th of August, 2025 AEST
Key Points
  • Scheme of arrangement terminated due to unlikely shareholder approval
  • Novomatic’s unconditional $1 per share takeover bid remains active
  • Independent Board Committee unanimously recommends accepting the bid
  • Ainsworth to cancel the scheduled scheme meeting via court application
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