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Advanced Drainage Systems, Inc. Message Board

thriftconvert 2 posts  |  Last Activity: Sep 14, 2014 5:35 PM Member since: Aug 15, 2006
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  • Reply to

    Multimedia Games to sell for $1.2 billion

    by jozken1 Sep 9, 2014 9:04 AM
    thriftconvert thriftconvert Sep 14, 2014 5:35 PM Flag

    It took a little while to find but I thought that there must be some information about PTEK in the Global Cash/MGAM merger agreement. A little suprised the board is so quiet about the merger. If there was a problem with the PTEK merger, the stock price would have gone lower.

  • Reply to

    Multimedia Games to sell for $1.2 billion

    by jozken1 Sep 9, 2014 9:04 AM
    thriftconvert thriftconvert Sep 9, 2014 11:02 PM Flag

    The Global Cash MGAM merger does not appear to have much of an effect on the PTEK MGAM merger according to the Global Cash MGAM merger agreement.

    http://www.sec.gov/Archives/edgar/data/896400/000110465914065057/a14-20613_1ex2d1.htm

    Page 59 section 6.3 (e) says
    (e) If at any time after the date hereof the Company completes its acquisition of PokerTek, Inc., the Company shall (and cause its Subsidiaries and Affiliates to) use its reasonable best efforts to: (i) obtain all Gaming Approvals required to operate PokerTek, Inc.; (ii) make any filings or submissions with appropriate Governmental Authorities to obtain the necessary clearances to operate PokerTek, Inc. pursuant to applicable Law (including Gaming Law); (iii) obtain any other licenses that are required for PokerTek, Inc. to conduct business in any jurisdiction in which it operates; and (iv) maintain any of the foregoing. Subject to applicable Law, the Company shall (and cause its Subsidiaries and Affiliates to) furnish to Parent such necessary information and reasonable assistance as Parent may request in connection with the preparation of any required filings or submissions with any Governmental Authority in connection with the acquisition of PokerTek, Inc. and will reasonably cooperate in responding to any inquiry from a Governmental Authority, including promptly informing Parent of such inquiry, consulting in advance before making any presentations or submissions to a Governmental Authority, and supplying Parent with copies of all material correspondence, filings or communications between the Company or its Subsidiaries and any Governmental Authority with respect to the obligations set forth in this Section (other than confidential business information or private or personal information pertaining to any individual applicants which may remain confidential).

WMS
20.95-0.28(-1.32%)Sep 30 4:03 PMEDT

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