Aristocrat Announes Bidding For $ 2.9 Billion For The Purchase Of Playtech

Home » Aristocrat Announes Bidding For $ 2.9 Billion For The Purchase Of Playtech
July 13, 2022
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ARISTOCRAT ANNOUNCES BIDDING FOR $ 2.9 BILLION FOR THE PURCHASE OF PLAYTECH

Australian giant gaming machines aristocrat announced a deal of 3.9 billion australian dollars ($ 2.9 billion) for the purchase of a playtech plc online gaming platform provider.

According to the statement on monday, aristocrat has already received letters about intendions or irrevocable obligations from playtech shareholders, representing 20.7% issued to the company’s shares, while the board of playtech also unanimously recommended that the remaining shareholders vote for the scheme.

Under the terms of the transaction, aristocrat offers a price of 680 pence per share, which is 58% higher than the playtech closing price in 429 pence on friday, october 15, 2021.

The global gaming machine supplier stated that the acquisition of playtech will speed up the aristocrat growth strategy and bring strategic advantages, including a material-scale provision in the online game segment for real money (rmg) worth 70 billion us dollars, which will provide medium -term income and profit growth. , allowing it to satisfy a wider range of customer needs and players, as well as to work and introduce innovation in several european markets "throughout the value chain and worthout channel conflicts".

Ceo and managing director aristocrat trevor crocker said:

"The proposed combination will bring togener world-class game content from aristocrat, as well as relass with clients and regulatory authorities with the clients and regulatory author online platform rmg playtech and european influence on b2c.
The united party will offer a wide portfolio of comprehensive solutions for gaming customers around the world, as well as a trouble-free gameplay, supported by common attention to the responsible gameplay and innovation.
In addition, the business will have ideal opportunities for sustainable shareholder value by using opportunities in the fast-growing online rmg segment asia continue to open, especially in north america.
Adding a talented playtech team to recognized strengths and an aristocrat pulse will create this leager in the world online rmg space, especially from the point of view of our b2b capabilities. ".

Aristocrat stated that it plans to finance the acquisition in the form of 1.1 billion australian dollars (816 million us dollars) existing cash, urgent loan by $ 2.05 billion and 1.3 billion australian dollars ($ 965 million) in the form of attraction capital by providing legal suggestions. Launched this week.

Bidding with aristocrat shares were stopped on monday in the morning.

Source: inside asian gaming

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