Global Cash Access to buy Multimedia Games for $1.2 bln

Mobile Global Esports

08/09/2014 12:27

Sept 8 (Reuters) - Global Cash Access Holdings Inc  GCA.N , 
which provides cash services to casinos, said it would buy slot 
machine maker Multimedia Games Holding Co Inc  MGAM.O  for about 
$1.2 billion. 
    The offer price of $36.50 per share represents a premium of 
31 percent to Multimedia's Friday closing.  ID:nGNXVBMEOa  
    Global Cash Access said it would finance the deal with cash 
on hand and debt, for which it has secured committed debt 
financing. 
 
 (Reporting By Lehar Maan in Bangalore; Editing by Saumyadeb 
Chakrabarty) 
 ((lehar.maan@thomsonreuters.com, Within U.S. +1 646 223 8780, 
Outside U.S. +91 80 6749 6234, Reuters Messaging: 
lehar.maan.thomsonreuters.com@reuters.net;)) 
 
Keywords: MULTIMEDIA HLDG M&A/GLOBAL CASH