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WMS Sets Vote on SciGames Merger

by Newsdesk

Mon 25 Mar 2013 at 03:53

VIEWS

Shareholders of WMS Industries will vote on 10th May whether to accept a US$1.5 billion buyout offer from lottery equipment giant Scientific Games.

Scientific Games agreed in January to pay $26 a share for all outstanding shares of WMS and assume $85 million in debt. The US Federal Trade Commission has already signed off on the merger, leaving it up to the shareholders and various state gaming regulators to exercise final say.

The shareholder vote will take place at the Waldorf-Astoria Hotel in Chicago. WMS, which trades on the New York Stock Exchange, is based not far from the city in Waukegan, Illinois.

Scientific Games (Nasdaq: SGMS) is headquartered in New York City.

Tags: WMS Industries

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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