In the event that you bet that the $1.5 billion acquisition of video slot manufacturer WMS Industries by Scientific Games Corporation would increase New York-based Scientific’s road cred on Wall Street, please move ahead: ding ding ding, we have a success! The buyout is anticipated to bring both WMS and Scientific Games in the neighborhood of $100 million in complementary cost-savings between the 2 companies that are merged and that’s making investors’ ears perk up.
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Scientific is on the lookout for the video slot maker for awhile now; the business provides lottery systems as well as the equipment to run the same to a lot of US states, Canadian provinces and even some countries that are foreign. Don’t count on Nevada being certainly one of those though; not gonna happen.
For WMS stockholders, life is good; Scientific Games shelled down $26 per WMS share, that has been around 59 percent over just what the slot manufacturer shut at back on Jan. 31 of this present year.
‘We continue to cultivate more confident with the pending WMS acquisition from both a fundamental and much more importantly company stability perspective,’ said Stifel Nicolaus Capital Markets video gaming analyst Steven Wieczynski about the merger at an investor meeting that is recent.