Bally Technologies Announces Final Results of Modified Dutch Auction Tender Offer; Buys 9.9M of Its Shares for $40 per Share

Bally Technologies, Inc. BYI announced today the final results of its modified "Dutch auction" tender offer for the purchase of up to $400 million in value of its common stock, which expired at 5 p.m. New York City time on Friday, May 6, 2011. Bally has accepted for purchase 9,912,993 shares of its common stock at a purchase price of $40 per share, for an aggregate cost of approximately $396.5 million, excluding fees and expenses relating to the tender offer. The 9,912,993 shares accepted for purchase in the tender offer represent approximately 18.4 percent of Bally's currently issued and outstanding shares of common stock. Stockholders who properly tendered shares of common stock in the tender offer at or below the final purchase price will have all of their tendered shares purchased at $40 per share. American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, will promptly issue payment for the shares validly tendered and accepted for purchase in accordance with the terms and conditions of the tender offer.