Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Scientific Games to buy NYX Gaming for C$775 million

Published 2017-09-20, 09:22 a/m
© Reuters.  Scientific Games to buy NYX Gaming for C$775 million
LNW
-
NYX
-

Sept 20 (Reuters) - Slot machine maker Scientific Games Corp SGMS.O said on Wednesday it would buy Canada's NYX Gaming Group Ltd NYX.V for an enterprise value of about C$775 million ($632 million).

Scientific Games will acquire all of the outstanding ordinary shares of NYX for C$2.40 per share, which is more than double the value of NYX's stock as of Tuesday's close. deal is expected to close in the first quarter of 2018, the companies said.

($1 = 1.2262 Canadian dollars)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.