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Bally acquires SHFL to create leading gaming supplier

16th July 2013 12:26 pm GMT

US gaming supplier Bally Technologies has entered into a definitive agreement to acquire SHFL entertainment for a total consideration of approximately $1.3bn.

The transaction has been unanimously approved by the board of directors of both Bally and SHFL, with Bally agreeing to pay $23.25 per share to acquire SHFL, representing a premium of 24 per cent on the company’s closing share price yesterday.

Bally said that the acquisition of SHFL will complement the company’s existing product portfolio, [...]

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