Shareholders of Las Vegas-based Bally Technologies will vote on accepting the company’s $5.1 billion buyout by Scientific Games Corp. on Nov., 18, the company announced Wednesday.
A location for the meeting was not announced.
Shareholders of record as of Oct. 20 will be allowed to vote on deal, in which the New York-based lottery company will pay $83.30 for each share of Bally stock. Scientific Games is also assuming $1.8 billion of the company’s debt.
The transaction is expected to close by the end of the year. In addition to shareholder approval, the deal is subject to regulatory approval, including that from the Nevada Gaming Commission.
Contact reporter Howard Stutz at email@example.com or 702-477-3871. Follow @howardstutz on Twitter.