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Monday, September 8, 2014

Global Cash Access to purchase Multimedia Games for $1.2 bln, (NYSE: GCA), (NASDAQ: MGAM)

Global Cash Access Holdings Inc, which provides cash services to casinos, said it would purchase slot machine maker Multimedia Games Holding Co Inc for about $1.2 billion. The offer price of $36.50 per share represents a premium of 31 percent to Multimedia's Friday closing.

Global Cash Access Holdings, Inc. (Holdings) is a holding company. Shares of GCA fell by 0.66% or $-0.05/share to $7.52. In the past year, the shares have traded as low as $6.37 and as high as $10.42. On average, 420970 shares of GCA exchange hands on a given day and today's volume is recorded at 179241.

Multimedia Games Holding Company, Inc. (Multimedia Games) is engaged in designing, manufacturing and supplying gaming machines and systems to commercial and Native American casino operators in North America, as well as, domestic and selected international lottery operators, and commercial bingo gaming facility operators. Shares of MGAM fell by 0.11% or $-0.03/share to $27.78. In the past year, the shares have traded as low as $23.37 and as high as $39.12. On average, 268786 shares of MGAM exchange hands on a given day and today's volume is recorded at 127886.



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