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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
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July 31, 2015
09:32 EDTSGMSScientific Games signs one-year extension with Massachusetts for instant games
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July 28, 2015
09:09 EDTSGMSScientific Games appoints David Smail as Chief Legal Officer
Scientific Games announced the appointment of David W. Smail as Executive Vice President and Chief Legal Officer, effective August 3. Most recently, Smail was Executive Vice President and General Counsel of Morgans Hotel Group Co., where he served as chief legal officer of the hospitality company from 2006 to 2014. Previously, he was Executive Vice President and Group General Counsel at Havas S.A., a French-based global advertising and communications services company following a progressive legal career at the international law firm Hogan Lovells in their Paris and Washington, D.C. offices, most recently as Partner in their Washington, D.C. office.

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