{"id":12272,"date":"2026-02-16T11:33:00","date_gmt":"2026-02-16T11:33:00","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=12272"},"modified":"2026-02-16T11:33:05","modified_gmt":"2026-02-16T11:33:05","slug":"agt-rejects-latest-takeover-attempt-by-novomatic","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2026\/02\/16\/agt-rejects-latest-takeover-attempt-by-novomatic\/","title":{"rendered":"AGT Rejects Latest Takeover Attempt by Novomatic"},"content":{"rendered":"\n<p><strong>Ainsworth Game Technology (AGT)<\/strong> has confirmed that the latest takeover attempt by <strong>Novomatic<\/strong> has failed following the termination of the Transaction Implementation Deed.<\/p>\n\n\n\n<p>The Austrian company had been pursuing AGT since April, initially offering shareholders AU$1 ($0.71) per share for the remaining shares it did not control.<\/p>\n\n\n\n<p>However, the first conditional takeover attempt failed after AGT\u2019s minority shareholders, led by <strong>Kjerulf Ainsworth<\/strong>, son of AGT founder <strong>Len Ainsworth<\/strong>, accused Novomatic of undervaluing the <strong>ASX<\/strong>-listed company.<\/p>\n\n\n\n<p>Since then, Novomatic continued its efforts through an off-market offer, increasing its controlling stake to 66.59% as of 29 January.<\/p>\n\n\n\n<p>Nevertheless, the latest attempt to privatize AGT encountered significant obstacles. Although full details have not yet been disclosed, it is clear that shareholders once again rejected Novomatic\u2019s offer, preventing the company from reaching the 75% threshold required for a full privatization of AGT.<\/p>\n\n\n\n<p>\u201cAs the Scheme has not become effective on or before the End Date, and the Novomatic Takeover Offer has lapsed, Ainsworth notifies the termination of the Transaction Implementation Deed in accordance with clause 13.1(a) of the agreement, with immediate effect,\u201d AGT said after the offer deadline ended on 6 February at 7:00 PM.<\/p>\n\n\n\n<p>In response to Novomatic\u2019s actions, Kjerulf Ainsworth announced his own offer to increase his shareholding by 2.9%, offering AU$1.30 ($0.92) per share.<\/p>\n\n\n\n<p>The deadline for this offer has passed; however, at the time of writing, there is no update on its outcome.<\/p>\n\n\n\n<p>At present, Novomatic is prohibited from making another offer to acquire control of AGT for four months from the closing date of the previous offer.<\/p>\n\n\n\n<p>Don\u2019t forget to subscribe to our <a href=\"https:\/\/t.me\/sbceurasia\">Telegram channel!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ainsworth Game Technology (AGT) has confirmed that the latest takeover attempt by Novomatic has failed following the termination of the Transaction Implementation Deed. The Austrian company had been pursuing AGT since April, initially offering shareholders AU$1 ($0.71) per share for the remaining shares it did not control. However, the first conditional takeover attempt failed after [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":12273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1],"tags":[13403,8611,15219,13399,2625,2099,3844,323],"class_list":["post-12272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","tag-agt","tag-asx","tag-corporate-deals","tag-kjerulf-ainsworth","tag-len-ainsworth","tag-novomatic","tag-shareholders","tag-takeover"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AGT Rejects Latest Takeover Attempt by Novomatic - SBC EURASIA EN<\/title>\n<meta name=\"description\" content=\"Ainsworth Game Technology (AGT) has confirmed that the latest takeover attempt by Novomatic has failed following the termination of the Transaction Implementation Deed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2026\/02\/16\/agt-rejects-latest-takeover-attempt-by-novomatic\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AGT Rejects Latest Takeover Attempt by Novomatic - 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