NYX shareholders back Scientific Games takeover
Scientific Games is set to complete its acquisition of NYX Gaming early next month after the deal was unanimously backed by the latter’s shareholders.
The CAD$775m (€528.3m/US$630m) takeover was announced in September, with Scientific completing a purchase of 10% of NYX’s shares last month.
NYX needed the support of at least 75% of its shareholders for the deal to push through. NYX must now present the tally of the shareholders votes and get the approval of the Royal Court of Guernsey, which is due to take place at a hearing on January 5.
"We are thrilled by the strong support from NYX shareholders and we are very excited about our combined companies' future growth potential,” said Scientific Games chief executive and president Kevin Sheehan.
“By bringing together Scientific Games and NYX, we will create a world leader in digital gaming and sports betting, a company with an unrivalled, end-to-end product portfolio and an innovative driving force in the industry.”
When the definitive agreement was confirmed in September it was announced that the transaction would be financed with both cash on hand and debt.
"The acquisition will be a win-win for both companies and our collective shareholders,” said NYX chief executive Matt Davey. “By joining Scientific Games, we will become part of a company with unmatched global reach, resources and industry leading content. The leaders of both NYX and Scientific Games are committed to delivering significant value for our customers across the full spectrum of digital gaming.”
Related article: Scientific Games to acquire NYX for $630m