Shuffle Master results support investment thesis, say Brean Capital Brean Capital said Shuffle Master Q4 results supported their investment thesis which was predicated on the increase of a recurring revenue steam. The company laid out plans on entering the US slot market which increased the firm's confidence in their thesis. Shares are Buy rated with a $19 price target.
News For SHFL From The Last 14 Days
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Bally Technologies completes acquisition of SHFL entertainment Bally Technologies (BYI) announced that it has completed the acquisition of SHFL entertainment (SHFL). As previously announced, SHFL shareholders are receiving $23.25 per share in cash for each share of SHFL stock. The transaction is valued at approximately $1.3B, including assumed net debt. In connection with the acquisition, Bally amended and restated its existing $1.1B credit facility and closed a new $1.1B Term Loan B facility with an all-in yield of 4.375%. Proceeds from the new Term Loan B facility and excess capacity under the existing credit facility will be used to fund the acquisition and pay related fees and expenses.