Light & Wonder, Inc. (LNW) and SciPlay Corporation (SCPL) announced that they have entered into a definitive agreement under which Light & Wonder will acquire the remaining approximately 17% equity interest in SciPlay that it does not currently own for $22.95 per share in an all-cash transaction. The Transaction has been approved by the Board of Directors of Light & Wonder. In addition, a special committee comprised solely of certain of SciPlay’s independent directors, advised by its own independent financial and legal advisors, determined that the Transaction is in the best interests of SciPlay shareholders. Acting upon the recommendation of the Special Committee, the Board of Directors of SciPlay approved the Transaction.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on LNW:
- Light & Wonder reports Q2 EPS (1c), consensus 34c
- Light & Wonder Inc. (LNW) Q2 Earnings Cheat Sheet
- Light & Wonder price target raised to $75 from $72 at Truist
- Light & Wonder price target raised to $81 from $70 at Susquehanna
- Light & Wonder expands multi-year global licensing partnership with WBDGTE