logo munafa.top

NEWS Gainers Losers
 Learn then Earn

 story : Scientific Games makes proposal to acquire remaining 19% stake in SciPlay #FinanceUSA #StockMarketNEWS Scientific Games Corp. said Thursday that it has made a proposal to acquire the remaining 19%

@stockMarketNEWS 13 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Scientific Games makes proposal to acquire remaining 19% stake in SciPlay #FinanceUSA #StockMarketNEWS
Scientific Games Corp. said Thursday that it has made a proposal to acquire the remaining 19% of equity interest in digital gaming company SciPlay Corp. , beyond what it already owns. Upon completion of the potential transaction, which the company has proposed to SciPlay's board of directors, SciPlay would be a wholly owned subsidiary of Scientific Games, which offers casino and gaming services. The companies have yet to reach a deal. In a release, Scientific Games shared a letter it wrote to SciPlay's board of directors in which it argued that SciPlay would benefit "from increased trading liquidity as a result of being part of a pro forma entity with a market capitalization of .0 billion," based on both stocks' closing prices Wednesday, as well as a significantly larger public float. Scientific Games announced late last month that it planned to divest its lottery and sports-betting businesses and that it would seek to increase its focus on digital markets. Shares of SciPlay are up more than 12% in morning trading Thursday. They've gained 24.8% so far this year as Scientific Games shares have gained 59%. The S&P 500 is up 16.5% so far this year.


Munafa USA Munafa India Munafa NSE


Report

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

 Learn then Earn
Back to top | Use Dark Theme