Scientific Games (SGMS), WMS (WMS) Receive Early HSR Termination in $1.5B Deal

March 11, 2013 4:30 PM EDT
Scientific Games Corporation (Nasdaq: SGMS) and WMS Industries Inc. (NYSE: WMS) today announced that the companies received notice from the Federal Trade Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") in connection with Scientific Games' proposed acquisition of WMS.

Termination of the HSR Act waiting period satisfies one of the conditions required for completion of the merger. The transaction remains subject to additional conditions, including the approval of the merger agreement by WMS stockholders and receipt of required gaming approvals, as described in the amended preliminary proxy statement filed by WMS on March 8, 2013.

As previously announced on January 31, 2013, Scientific Games has agreed to acquire WMS for $26.00 in cash per common share, or approximately $1.5 billion in the aggregate.

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