New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 20, 2014
07:15 EDTSGMS, BYIScientific Games, Bally report early termination of HSR Act waiting period
Scientific Games Corporation (SGMS) and Bally Technologies (BYI) announced that the companies received notice of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to Scientific Games’ pending acquisition of Bally. The acquisition is expected to be completed in early 2015. As announced on August 1, Scientific Games has agreed to acquire all of the outstanding Bally common stock for $83.30 in cash per share. The acquisition will be financed with debt and cash on hand and Scientific Games has obtained committed debt financing for the transaction, which is not subject to a financing contingency. Termination of the HSR waiting period satisfies one of the conditions required for completion of the transaction. The transaction remains subject to approval by Bally’s stockholders, receipt of certain gaming regulatory approvals and other customary conditions.
News For SGMS;BYI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 31, 2014
12:25 EDTBYIOptions with increasing implied volatility
Subscribe for More Information
October 30, 2014
18:39 EDTBYIOn The Fly: After Hours Movers
Subscribe for More Information
16:17 EDTSGMS, BYIScientific Games raises view of cost synergies from Bally deal
Scientific Games said, "In addition to the progress being made with the WMS integration, we are focused on the potential to meaningfully increase free cash flow following the Bally acquisition, which we continue to anticipate closing this quarter, and deploying our free cash flow to reduce net debt. Reflecting the superb efforts of our integration teams, our plans are now expected to yield greater expected financial savings than originally anticipated. As a result, we are increasing our estimate of annual cost synergies anticipated to be realized from the pending Bally transaction by the end of 2016 from $220M to $235M. In addition, we now expect to realize an additional $15M in annual cost synergies from the WMS acquisition, bringing the total to $115M in annual cost savings by the end of 2015, of which slightly more than half has been achieved to date. We expect to incur an additional $3M of costs to achieve the additional $15M of expected WMS cost synergies and an additional $4M of costs to achieve the incremental $15M of anticipated cost synergies from the pending Bally acquisition."
16:17 EDTBYIBally Technologies reports Q1 adjusted EPS $1.17, consensus $1.17
Subscribe for More Information
16:15 EDTSGMS, BYIScientific Games reports Q3 EPS with charges (82c), consensus (35c)
Subscribe for More Information
10:55 EDTBYIOptions with increasing implied volatility: ARCP CZR AFSI BYI
Subscribe for More Information
October 28, 2014
13:09 EDTBYIOptions with increasing implied volatility
Subscribe for More Information
October 27, 2014
11:17 EDTBYIOptions with increasing implied volatility: OCN HSY GDP BYI
Subscribe for More Information
10:50 EDTBYI, SGMSScientific Games ends $3.19B loan offering, Bloomberg says
Banks that were hired by Scientific Games (SGMS) to sell $3.19B of loans failed to attract interest from investors before an October 3 deadline, says Bloomberg. The loan sale would have been used to help Scientific Games finance its purchase of Bally Technologies (BYI), added Bloomberg. Shares of Scientific Games are lower by almost 11% while Bally Technologies is lower by almost 3% in morning trading. Reference Link
09:05 EDTBYIBally Technologies selected by North Star Mohican Casino
Subscribe for More Information
October 20, 2014
13:40 EDTBYIOptions with increasing implied volatility
Subscribe for More Information
October 17, 2014
10:51 EDTBYIOptions with increasing implied volatility
Options with increasing implied volatility: COV DISH HLT QEP GREK BKW BYI LLY DTV TIBX

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use