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Bally Shareholder Approves Merger With Scientific Games

  • runarchery kr

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Bally Shareholder Approves Merger With Scientific Games by runarchery kr
Shareholders of U.S.-based gaming equipment maker Bally Technologies Inc have officially approved the merger with lottery equipment and management specialist Scientific Games Corp. The decision was made at a special shareholders' meeting on Wednesday, Bally Technologies said.

"More than 99.61% of the votes cast at the meeting, or approximately 76.97% of all outstanding common shares eligible to vote, voted in favor of approving the merger agreement as of October 20, 2014," the company said in a press release.

Shareholders also attended and voted for a non-binding advisory proposal on merger-related compensation with over 65.83% approval.

Scientific Games announced in August that it was acquiring Bally Technologies in a deal worth $5.1 billion. The company proposed acquiring all of Bally Technologies' common shares in cash, issued at $83.30 per share, a 38% premium to the prior merger announcement. 카지노사이트

In September, the transaction's completion schedule was pushed back to the end of 2014 following the regulator's approval. The transaction was originally scheduled to be completed in early 2015.

In recent months, there has been a string of other mergers and acquisitions deals in the casino equipment supply sector, marking a year of major industry realignment and consolidation.

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runarchery kr
Business Development Manager at Lake Park Lewisville