2023-05-14 19:56:13 ET
- Aristocrat Leisure Limited agreed to acquire NeoGames SA ( NASDAQ: NGMS ) for $29.50 a share in all-cash deal for the lottery game technology company.
- The deal, which represents an enterprise value of $1.2 billion, is expected to be completed within 12 months and includes regulator approvals, according to a statement on Sunday. The offer price represents a 130% premium to NeoGames ( NGMS ) closing price on Friday.
- NeoGames ( NGMS ) holders, who own approximately 61% of NeoGames’ outstanding shares, have executed a support agreement with Aristocrat to vote in favor of the transaction.
- Stifel is acting as NeoGames’ ( NGMS ) financial advisor and Latham & Watkins LLP and Herzog Fox & Neeman are acting as legal counsel to NeoGames.
For further details see:
Aristocrat Leisure agrees to buy NeoGames for $29.50 a share in cash