Scientific Games Corp, which makes tickets and software for lotteries, said it would acquire WMS Industries Inc for about $1.5 billion. Scientific Games will pay $26.00 for each WMS common share, a 59 percent premium to WMS stock's closing price of $16.37 on the New York Stock Exchange on Wednesday.
Scientific Games Corporation (Scientific Games) is a global supplier of solutions to lottery and gaming organizations worldwide. Shares of SGMS remained unchanged at $8.93. In the past year, the shares have traded as low as $5.53 and as high as $13.08. On average, 392985 shares of SGMS exchange hands on a given day and today's volume is recorded at 0.
WMS Industries Inc. (WMS) serves the gaming industry by designing, manufacturing and distributing games, video and mechanical reel-spinning gaming machines and video lottery terminals (VLTs) to authorized customers in legal gaming venues worldwide. Shares of WMS remained unchanged at $16.37. In the past year, the shares have traded as low as $13.90 and as high as $25.30. On average, 694910 shares of WMS exchange hands on a given day and today's volume is recorded at 92960.
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