Aristocrat Update on the Acquisition of Casino Data Systems.Business Editors & High-Tech/Gaming Writers SYDNEY Sydney, city, Australia Sydney, city (1991 pop. 3,097,956), capital of New South Wales, SE Australia, surrounding Port Jackson inlet on the Pacific Ocean. Sydney is Australia's largest city, chief port, and main cultural and industrial center. , Australia--(BUSINESS WIRE)--April 11, 2001 Aristocrat Leisure Aristocrat Leisure Limited ASX: ALL is an Australian company, which has its administrative centre in the Sydney suburb of Lane Cove, although the majority of its research and development is done at its Rosebery site. Limited (ALL) wishes to provide an update on progress toward the completion of the acquisition of Casino casino or cassino (both: kəsē`nō). 1 Card game played with a full deck by two to four players. Its origins are obscure though it probably traces back to the Italian game of Scopa. Data Systems (CDS). Aristocrat signed a definitive purchase agreement to acquire CDS on Jan. 18, 2001. The completion of the acquisition is subject to CDS shareholder and various regulatory approvals, primarily in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . A preliminary schedule 14A proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. for CDS shareholder approval has subsequently been lodged by CDS with the U.S. Securities and Exchange Commission (SEC), and a definitive schedule 14A is expected to be lodged with the SEC shortly. The proxy statement outlines all aspects of the acquisition proposal and can be found on the Securities and Exchange Commission Web site, www.sec.gov. The definitive proxy statement will be mailed to shareholders shortly, and the CDS shareholder meeting has been set for May 18, 2001. Aristocrat is currently working with its regulatory lawyers and advisers to obtain any outstanding regulatory approvals. Aristocrat is not anticipating any significant setbacks and expects that completion will occur late in the first half of calendar 2001. The acquisition is not subject to any further approvals by the board of Aristocrat or its shareholders. Aristocrat has funding commitments in place to complete the acquisition. Aristocrat has provided the board of CDS with a financing commitment from a major international bank to fully support the acquisition. Aristocrat continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. reviews available financing opportunities with its financial advisers. Amongst other factors, the trend to lower interest rates both in Australia and the United States and the volatility of currencies are taken into account. Both CDS and Aristocrat Technologies Inc generate U.S.-dollar-denominated earnings streams that provide Aristocrat with a natural currency hedge Currency hedge Applies mainly to international equities. Hedging technique to guard against foreign exchange fluctuations (i.e., short Euro l00 mm when holding a long position of Euro l00 mm in stocks). against U.S.-dollar-denominated liabilities. |
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