Scientific Games looks to buy out SciPlay shares in stock deal

1 week ago 5
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Las Vegas-based Scientific Games Corp. has projected buying the remaining 19 percent equity involvement successful SciPlay Corp. it doesn’t already ain successful an all-stock woody elaborate by the institution Thursday.

In an email to Las Vegas-based SciPlay’s committee of directors, Scientific offered 0.250 shares of Scientific communal banal for each stock of SciPlay Class A communal banal they own, which would connote an endeavor worth of $1.9 billion.

The transaction besides implies a premium of 11 percent based connected the Scientific’s and SciPlay’s respective closing banal prices arsenic of the adjacent of concern connected Wednesday, the past trading time anterior to the proposal.

SciPlay shares, traded connected the Nasdaq exchange, climbed much than 10.5 percent, $1.62, to adjacent astatine $16.98 a stock connected Thursday.

SciPlay is simply a societal casino crippled developer with 7 games successful its portfolio and is considered a subsidiary of Scientific Games.

Contact Richard N. Velotta astatine oregon 702-477-3893. Follow @RickVelotta connected Twitter.

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