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Bally Technologies (BYI) Merger Review

Bally Technologies acquisition under review

Scientific Games Corporation and Bally Technologies, Inc. (NYSE: BYI) ("Bally") today announced that the companies have entered into a definitive merger agreement whereby Scientific Games has agreed to acquire all of the outstanding Bally common stock for $83.30 in cash per share. The aggregate transaction value is approximately $5.1 billion, including the refinancing of approximately $1.8 billion of existing Bally net debt.

Bally shareholders are entitled to answers to important questions regarding the proposed merger

  1. Does the merger agreement contain unfair termination provisions?  
  2. Does the merger agreement place perhaps an undue burden on the board of directors relating to subsequent offers from third parties. 
  3. Did the Bally board of directors obtain a fairness opinion from an independent investment bank?  
  4. What did the independent fairness show?
  5. Did the board of directors engage other potential suitors?

Bally merger or takeover shareholder lawsuit investigation

State security laws provide shareholders a no cost means to question a proposed sale of a publicly traded company.  This review process is deemed a shareholder class action and affords at times shareholders an avenue to investigate fully the proposed transaction.  At minimum, this process often obtains answers to the above questions.  If you own the common stock of Bally Technologies and if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please fill out the contact form on this web page.

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