Bally Technologies, Inc. BYI, a leader in slots, video machines, casino management, and networked and server-based systems for the global gaming industry, announced today the preliminary 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.
Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, a total of 9,942,039 shares of Bally's common stock were properly tendered and not properly withdrawn at or below the final purchase price of $40 per share, including 3,307,958 shares that were tendered through notice of guaranteed delivery.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in