The boards of both the corporations, that is, Bally’s and Gamesys’ have reached an agreement to finalize the deal.
The deal would entail Bally acquiring Gamesys by paying pay 1,850 pence ($25.46) per Gamesys share.
The deal would be finalised by Bally’s subsidiary Premier Entertainment, which will help finance the cash deal.
As per Gambling Insider, Neil Goulden, chairman of Gamesys, said: “The combination would give unique optionality to Gamesys shareholders. The recommended cash offer, including the Gamesys final dividend, provides a 41.2% premium to the Gamesys share price at the time of the original proposal from Bally’s and is at a significant premium to the all-time high Gamesys share price prior to the 2.4 announcement.”
Bally’s chairman, Soo Kim, added: “We believe that this combination will mark a transformational step in our journey to become a leading integrated, omni-channel gaming company with a B2B2C business.