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, while providing new access to the global land-based and online table games market, as well as the growing e-Tables market.

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