Bally $1.3 billion buyout of SHFL Entertainment gains FTC approval
Ramesh Srinivasan is the chief executive officer of Bally Technologies. (Las Vegas Review-Journal file photo)
Bally Technologies’ $1.3 billion acquisition of SHFL Entertainment passed a mandatory waiting period from the Federal Trade Commission without any concern of antitrust issues.
The slot machine manufacturer said Tuesday the waiting period under the Hart-Scott-Rodino Antitrust Act expired Monday without any action or questions by the FTC. Completing the waiting period satisfies one of the conditions required to finalize the acquisition.
Bally and SHFL announced the merger on July 16. Bally will acquire SHFL at a price per share of $23.25. The transaction still requires regulatory approval in several jurisdictions, including Nevada.
Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Follow @howardstutz on Twitter.
