Bally expected to approve merger with Scientific Games
The “Merger Agreement involves Scientific Games Corporation, a Delaware corporation, Scientific Games Nevada, a Nevada corporation and a wholly owned subsidiary of Scientific Games (“merger sub”), and Scientific Games International, a Delaware corporation and a wholly-owned subsidiary of Scientific Games (“financing sub”).The company will come out of the merger as a wholly owned subsidiary of Scientific Games.
The special meeting will be held on November 18, 2014.
Bally stockholders, as of the close of the business on October 20, 2014, the record date for the special meeting, will be entitled to notice of and to vote at the special meeting.
The merger, which is expected to be completed by the end of calendar year 2014, is subject to the approval of a majority of the outstanding shares of Bally’s common stock and the receipt of required gaming approvals, in addition to other customary closing conditions.
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