Deals
Scientific Games to Buy Gaming Company WMS for $1.5 Billion
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Scientific Games Corp. agreed to buy WMS Industries Inc. for $1.5 billion, the biggest deal in leisure and recreational products in almost two years, to create a global supplier of lottery equipment and slot machines.
The offer of $26 a share is 59 percent higher than WMS’s closing price yesterday. The transaction was approved by both boards unanimously, the companies said today in a statement.