Tags: Scientific Games | Bally | slot machines | billion

Scientific Games to Buy Rival Bally Technologies for $3.27 Billion

Friday, 01 Aug 2014 07:36 AM

Scientific Games Corp., which makes slot machines for casinos, will buy larger rival Bally Technologies Inc. for about $3.27 billion.

The $83.30 per-share cash offer represents a 38 percent premium to Bally's Thursday closing price of $60.17 on the New York Stock Exchange, the companies said in a joint statement.

Including debt, the deal value is $5.1 billion, the companies said.

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Scientific Games Corp., which makes slot machines for casinos, will buy larger rival Bally Technologies Inc. for about $3.27 billion.
Scientific Games, Bally, slot machines, billion
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2014-36-01
Friday, 01 Aug 2014 07:36 AM
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