SciPlay up after Scientific Games proposes to acquire 19% in co

SciPlay

15/07/2021 12:53

** Shares of game developer  SCPL.O  up 4.8% at $16.11 in
premarket trading - set to snap three-day losing streak
    ** Scientific Games Corp  SGMS.O  says it has submitted
proposal to acquire the remaining 19% equity interest in SCPL
that it does not currently own  urn:newsml:reuters.com:*:nPn4llHSPa
    ** Following the transaction, SCPL would become a wholly
owned subsidiary of Scientific Games
    ** SCPL shareholders would receive 0.250 shares of SGMS
common stock, implying an enterprise value of $1.9 bln, says
SGMS in a letter sent to SCPL's board
    ** As of last close, SCPL up ~11% this year

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))