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Stock Market & Financial Investment News

News Breaks
February 26, 2013
07:36 EDTWMSWMS Industries subsidiary enters into content license agreement with Bonnier
Williams Interactive, a wholly owned subsidiary of WMS Industries, announced that the Company has entered into an online content licensing agreement with Malta-based Bonnier Gaming, a wholly owned subsidiary of Scandinavian-based media conglomerate Bonnier Group. The agreement, pursuant to which Bonnier Gaming will have access to WMS' online library of authentic slot games on their various gaming websites, further expands WMS' premium video slot gaming content to new consumer audiences. Bonnier Gaming's online gaming websites will allow players the opportunity to enjoy WMS' proven player-popular slot content, including THE WIZARD OF OZ, Zeus, Reel 'Em In and Jackpot Party games. The commercial availability of WMS' video slot content on Bonnier Gaming's websites is expected to occur in the first half of calendar 2013.
News For WMS From The Last 14 Days
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July 20, 2015
08:04 EDTWMSAdvanced Drainage takes operational control of BaySaver JV
Advanced Drainage Systems announced that it has acquired operational control of its BaySaver, LLC joint venture from its partner, BaySaver Technologies. Under its BaySeparator and BayFilter brands, “BaySaver” manufactures stormwater treatment units used in construction applications to remove sediments and other pollutants from stormwater runoff. Through this transaction, ADS has acquired an additional 10% from BTI for $3.2M, bringing its interest in the joint venture to 65%. The joint venture was initially formed on July 15, 2013. The partnership combined the industry leading engineering, manufacturing, sales and distribution of ADS, with the research, development and technical approvals of BTI. During the twelve months ended March 31, 2015, BaySaver had revenue of approximately $11M. BaySaver will continue to be based in Mount Airy, Maryland with a focus on stormwater filtration and separation technologies. As a result of the transaction, ADS will consolidate BaySaver for financial reporting purposes effective as of the July 17, 2015 closing date.

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