Bally Technologies to buy SHFL Entertainment
BALLY TECHNOLOGIES HAS signed a definitive agreement to acquire SHFL Entertainment for $1.3 billion. Bally revealed that the imminent transaction has been unanimously approved by the boards of both companies Play Fortuna and will see it offer $23.25 in cash for each share in SHFL Entertainment.
“Both Bally Technologies and SHFL Entertainment have long histories of proven innovation, excellent customer service and successfully anticipating and adapting to changes within our industry,
which makes bringing our two companies together a great strategic fit,” said Ramesh Srinivasan, President and CEO of Bally Technologies.
“We believe that now is the right time to join forces with Bally Technologies as there is a unique opportunity to combine each others’ many strengths particularly our talented teams who have been the key drivers of success for each organization,” said Gavin Isaacs, CEO of SHFL Entertainment.