Bally has accepted for purchase 9,912,993 shares of its common stock at a purchase price of us$ 40 per share, for an aggregate cost of approximately us$ 396.5 million, excluding fees and expenses relating to the tender offer. The 9,912,993 shares accepted for purchase in the tender offer represent approximately 18.4 % of Bally's currently issued and outstanding shares of common stock.
Stockholders who properly tendered shares of common stock in the tender offer at or below the final purchase price will have all of their tendered shares purchased at us$ 40 per share. American Stock Transfer & Trust Company, the depositary for the tender offer, will promptly issue payment for the shares validly tendered and accepted for purchase in accordance with the terms and conditions of the tender offer.
BofA Merrill Lynch, Mitsubishi UFJ Securities and Wells Fargo Securities are the dealer managers for the tender offer.