Must Read Novomatic to acquire Ainsworth

[Webzcas]

PR: NOVOMATIC signs agreement to acquire Ainsworth via Scheme of Arrangement

NOVOMATIC AG Group (NOVOMATIC), Europe’s largest gaming technology group, today announces that it has entered into a Scheme Implementation Deed with Ainsworth Game Technology (Ainsworth) to acquire all of the outstanding shares of Ainsworth for a best and final cash consideration of $1.00 per share via a Scheme of Arrangement.
Ainsworth’s Independent Board Committee has unanimously recommended that Ainsworth shareholders vote in favour of the transaction. NOVOMATIC holds an existing stake of 52.9 per cent in Ainsworth, which it purchased in 2016 from founder Len Ainsworth.

The transaction is subject to, among other things, Ainsworth shareholder approval and customary closing conditions, and is expected to close in the second half of 2025. The NOVOMATIC offer is not conditional on due diligence or regulatory approvals. Foreign Investment Review Board approval has been received.

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[conker]

Any idea what the deal was worth in the end?

 

[dunover]

Any idea what the deal was worth in the end?

The remaining share was $102m USD in cost to Novo. So overall the company is valued in total about 196m USD.

 

[conker]

Not a bad piece of business from Len Ainsworth, already minted from his involvement in other slots businesses.

 

[1366613]

Not at all. I really like the Ainsworth slots, but I cant play them due to some country restrictions.

 

[slotmaster]

Am I rich now? That's my family name. Reading a lot about Len the last 2 days, oddly.