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Best of Howard Stutz

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Howard Stutz
 

Bally $1.3 billion buyout of SHFL Entertainment gains FTC approval

28 August 2013

LAS VEGAS -- Bally Technologies, Inc.'s $1.3 billion acquisition of SHFL Entertainment passed a mandatory waiting period from the Federal Trade Commission without any concern of antitrust issues.

The slot machine manufacturer said Tuesday the waiting period under the Hart-Scott-Rodino Antitrust Act expired Monday without any action or questions by the FTC. Completing the waiting period satisfies one of the conditions required to finalize the acquisition.

Bally and SHFL announced the merger on July 16. Bally will acquire SHFL at a price per share of $23.25. The transaction still requires regulatory approval in several jurisdictions, including Nevada.