WMS shareholders approve buyout by Scientific Games
LAS VEGAS -- Shareholders of slot machine manufacturer WMS Industries Incorporated approved the company’s $1.5 billion buyout by lottery provider Scientific Games Corporation.
More than 99 percent of votes cast at the meeting Friday were in favor of the buyout, in which WMS shareholders will receive $26 per share.
Upon the closing of the transaction, WMS, which is headquartered in Waukegan, Ill., but has secondary offices in Las Vegas, will become a wholly owned subsidiary of New York-based Scientific Games.
The transaction is expected to be completed by the end of 2013 and still needs approval from Nevada gaming regulators.
More than 99 percent of votes cast at the meeting Friday were in favor of the buyout, in which WMS shareholders will receive $26 per share.
Upon the closing of the transaction, WMS, which is headquartered in Waukegan, Ill., but has secondary offices in Las Vegas, will become a wholly owned subsidiary of New York-based Scientific Games.
The transaction is expected to be completed by the end of 2013 and still needs approval from Nevada gaming regulators.
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