Key Takeaways
- SHFL shareholders are expected to approve the merger, which will bring them a 37% premium on the average closing price of SHFL common stock for the 90 days preceding the announcement.
- The deal is pending regulatory approval.
- Bally and SHFL formed a strategic alliance in June 2012 with the Ongame network to secure online poker software for their business-to-business (B2B) alliances.
- Bally has arrangements with Amaya that include providing Ongame software to ACEP.
Las Vegas-based gaming device manufacturer Bally Technologies has agreed to purchase global gaming supplier SHFL Entertainment, Inc. for approximately $1.3 billion, it was announced Tuesday.
