Aristocrat Leisure Ltd., an Australian slot machine creator, has agreed to buy British gambling software developer Playtech Plc for a price of A$5 billion ($3.7 billion).
Aristocrat said in a statement Monday that it will pay 680 British pence ($9.35) per Playtech share, a premium of 58% to the company's last closing price on October 15.
The Sydney-based company Aristocrat said it shall raise A$1.3 billion in a share sale to help fund the acquisition, with investors able to buy new shares at a price of $41.95 per share. The stock would be sold at an 8.6% discount to Friday's closing price of $45.79 per share.
Read more » Aristocrat to Acquire Playtech in $3.7B Deal