Shuffle Master (SHFL) Announces Results of Cash Tender Offer for Contingent Convertible Senior Notes

August 25, 2008 8:36 AM EDT

Shuffle Master, Inc. (NASDAQ: SHFL) announced today the results of its cash tender offer for any and all of its 1.25% Contingent Convertible Senior Notes Due 2024.

As of 12:00 midnight, New York City time on August 22, 2008, the scheduled expiration date, $89,358,000 in aggregate principal amount of the Notes, representing approximately 59.6% of the aggregate principal amount of the outstanding Notes prior to the tender offer, had been validly tendered in the tender offer. All Notes validly tendered in the tender offer and not withdrawn have been accepted for payment by Shuffle Master. Payment of the aggregate consideration of $87,307,662 (including accrued and unpaid interest) will be made on the validly tendered Notes in accordance with the terms of the tender offer. After giving effect to the purchase of the tendered Notes, $60,642,000 aggregate principal amount of the Notes remains outstanding.[SM]

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