Diversified gaming supplier Bally Technologies announced hat a special meeting of its stockholders has been scheduled to, among other things, consider and vote on a proposal to approve the previously announced merger agreement with lottery giant Scientific Games, under which Bally would emerge as a wholly owned subsidiary of Scientific Games.
The special meeting will be held on November 18.
Bally stockholders as of the close of business on October 20, 2014, the record date for the special meeting, will be entitled to notice of and to vote at the special meeting.
The merger, which is expected to be completed by the end of calendar 2014, is subject to the approval of a majority of the outstanding shares of Bally’s common stock and the receipt of required gaming approvals, in addition to other customary closing conditions.
