tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Ainsworth Ends Scheme with Novomatic, Takeover Bid Continues

Story Highlights
Ainsworth Ends Scheme with Novomatic, Takeover Bid Continues

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Ainsworth Game Technology ( (AU:AGI) ) has issued an announcement.

Ainsworth Game Technology announced the termination of its scheme transaction with Novomatic AG due to the unlikely satisfaction of the Shareholder Approval Condition Precedent. The company will apply to the Supreme Court of New South Wales to cancel the Scheme Meeting. Meanwhile, the Novomatic Takeover Bid remains active, with the Ainsworth Independent Board Committee recommending shareholders accept the bid, pending an independent expert’s assessment. Ainsworth plans to release a Target’s Statement with further details in September 2025.

The most recent analyst rating on (AU:AGI) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Ainsworth Game Technology stock, see the AU:AGI Stock Forecast page.

More about Ainsworth Game Technology

Ainsworth Game Technology is a company operating in the gaming industry, primarily focused on the development and manufacturing of gaming machines and software. The company targets markets that include casinos and gaming establishments.

Average Trading Volume: 182,673

Technical Sentiment Signal: Buy

Current Market Cap: A$343.5M

Find detailed analytics on AGI stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1