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Scientific Games Closes Acquisition of Canadian Casino Games Maker DEQ Systems.

M2 EQUITYBITES-January 24, 2017-Scientific Games Closes Acquisition of Canadian Casino Games Maker DEQ Systems


24 January 2017 - Las Vegas, Nevada-based technological products developer Scientific Games Corp. (NASDAQ: SGMS) has closed the acquisition of the issued and outstanding common shares of Canada-based casino table systems maker DEQ Systems Corp. (TSX Venture: DEQ) for a cash payment of CDN 0.38 per share, the company said.

This transaction was announced last August.

All of the directors and executive officers of DEQ have entered into support agreements pursuant to which they have agreed to vote in favor of the arrangement.

Scientific Games develops technology-based products and services and associated content for worldwide gaming, lottery and interactive markets.

DEQ Systems provides solutions in Table Games, Progressive Systems, Proprietary Table Games content and Utility.

McMillan LLP is acting as legal counsel to Scientific Games. Union Gaming Securities, LLC is acting as financial advisor to DEQ, and Osler, Hoskin and Harcourt LLP is acting as legal counsel to DEQ.

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Publication:M2 EquityBites (EQB)
Date:Jan 24, 2017
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