New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 20, 2014
07:15 EDTBYI, SGMSScientific 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.
November 21, 2014
12:46 EDTSGMS, BYIScientific Games completes merger with Bally Technologies
Subscribe for More Information
November 20, 2014
18:21 EDTBYIOn The Fly: After Hours Movers
Subscribe for More Information
17:19 EDTBYIWestern Refining to replace Bally Technologies in S&P 400 as of 11/24 close
Subscribe for More Information
16:05 EDTBYI, SGMSScientific Games receives NGC approval for merger with Bally Technologies
Scientific Games (SGMS) announced that the Nevada Gaming Commission, or NGC, unanimously approved the company's pending acquisition of Bally Technologies (BYI). The Commission's approval was the final regulatory approval required to complete the merger. The company expects to complete the Bally merger on November 21, subject to the satisfaction of the remaining customary closing conditions.
November 19, 2014
08:12 EDTBYI, SGMSBally Technologies investors approve merger agreement with Scientific Games
Bally Technologies (BYI) announced that at a special stockholders’ meeting held yesterday, Bally stockholders approved the previously announced Agreement and Plan of Merger, dated as of August 1, by and among the Company, Scientific Games Corporation (SGMS), Scientific Games Nevada, Inc., a Nevada corporation and a wholly owned subsidiary of Scientific Games, and Scientific Games International, Delaware corporation and a wholly owned subsidiary of Scientific Games, providing for the merger of Merger Sub with and into the company, with the company surviving the Merger as a wholly owned subsidiary of Scientific Games. More than 99.61% of the votes represented and cast at the meeting, or approximately 76.97% of the total outstanding common stock eligible to vote as of the October 20 record date, were voted in favor of the approval of the Merger Agreement. Stockholders also approved the non-binding advisory proposal regarding Merger-related compensation with a vote of more than 65.83% of the votes represented and cast at the meeting. Approval of the Merger Agreement by Bally’s stockholders satisfies one of the conditions required to close the Merger. The transaction is still subject to obtaining certain required regulatory approvals and certain other customary closing conditions.
November 18, 2014
09:06 EDTSGMS, BYIBally Technologies to host special shareholder meeting
Special shareholder meeting to vote to approve the merger agreement between Bally and Scientific Games with Bally becoming a wholly-owned subsidiary of Scientific Games will be held at Bally's Las Vegas offices on November 18 at 6 pm.
07:29 EDTSGMSDeutsche Bank to hold a conference
Subscribe for More Information
November 14, 2014
13:13 EDTSGMSScientific Games volatility increases on wide price movement
Scientific Games November call option implied volatility is at 99, December is at 96, January is at 92, April is at 77; compared to its 26-week average of 81 according to Track Data, suggesting large near term price movement.

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