Bally stockholders approve merger agreement with Scientific Games
The merger is by and through the company, Scientific Games Corporation, a Delaware corporation, Scientific Games Nevada, a Nevada corporation and a wholly owned subsidiary of Scientific Games, and Scientific Games International, a Delaware corporation and a wholly owned subsidiary of Scientific Games, providing for the merger of merger sub with and into the company, with the company surviving the merger as a wholly-owned subsidiary of Scientific Games.
More than 99.61% of the votes represented and cast at the meeting, or approximately 76.97% of the total outstanding common stock eligible to vote as of the October 20, 2014 record date, was voted in favor of the approval of the merger agreement. Stockholders also approved the non-binding advisory proposal regarding merger-related compensation with a vote of more than 65.83% of the votes represented and cast at the meeting.
Approval of the merger agreement by Bally’s stockholders satisfies one of the conditions required to finalize the merger. The transaction is still subject to obtaining certain required regulatory approvals and certain other customary closing conditions.
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