Scientific Games closes purchase of WMS Industries

Scientific Games completes its purchase of gambling equipment maker WMS Industries

Associated Press

NEW YORK (AP) -- Scientific Games said Friday it completed its purchase of gambling equipment maker WMS Industries.

The companies announced the deal in January. Scientific Games, an instant-win lottery ticket maker, agreed to pay $26 per share for WMS Industries Inc. That was a 59 percent premium to WMS' share price prior to the acquisition being announced. The deal was valued at $1.42 billion excluding debt. WMS shareholders approved it in May.

Scientific Games Corp., which also makes video slot machines and other gambling systems, also said it entered into a new $2.6 billion credit facility in connection with the merger.

Shares of Scientific Games rose 21 cents to $18.42 on Friday.

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