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Scientific Games to buy NYX Gaming for C$775 million
September 20, 2017 / 1:25 PM / 3 months ago

Scientific Games to buy NYX Gaming for C$775 million

Sept 20 (Reuters) - Slot machine maker Scientific Games Corp said on Wednesday it would buy Canada’s NYX Gaming Group Ltd for an enterprise value of about C$775 million ($632 million).

Scientific Games will acquire all of the outstanding ordinary shares of NYX for C$2.40 per share, which is more than double the value of NYX’s stock as of Tuesday’s close.

The deal is expected to close in the first quarter of 2018, the companies said.

$1 = 1.2262 Canadian dollars Reporting by John Benny in Bengaluru; Editing by Martina D'Couto

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