Ainsowrth rises as founder's son lobs partial bid; board backs Novomatic

Ainsworth Game Technology

23/10/2025 24:39

** Shares of Australia's Ainsworth Game Technology AGI.AX rise as much as 6.4% to A$1.075, hitting their highest since September 15

** Stock marks biggest intraday pct gain since August 19

** Kjerulf Ainsworth, the son of the businessman who started the company, has offered to purchase almost 2.9% of AGI for A$1.30 apiece under a partial takeover bid

** Kjerulf Ainsworth already owns around 7.3% stake in co

** Kjerulf has been trying to stop off-market takeover by co's largest shareholder, Novomatic, over valuation concerns

** Co's independent board committee continues to back the offer from Novomatic

** Stock up 24.3% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com))