NYX Shareholders Overwhelmingly Approve The Scientific Games Acquisition
Despite some serious hiccups on the way namely in the form of William Hill, the much talked about acquisition of NYX Gaming Group by Scientific Games is going ahead. Nyx’s shareholders voted in overwhelming favor to approve the $631 million takeover by Scientific Games.
NYX shareholders voted with 99.6 percent in favor of the acquisition under a Guernsey court-sanctioned scheme of arrangement. The level of support required under Guernsey Law was 75 percent so the final results of 99.6 percent smoothed the way for approval of the Royal Court of Guernsey which has been set for January 5.
Needless to say NYX CEO Matt Davey was delighted with the result and said it was a “win-win for both companies and our collective shareholders.
He went on to point out the benefits that Scientific Games will get from the deal as they will enjoy being part part of a company with unmatched global reach, resources and industry leading content.“
In turn Scientific Games CEO Kevin Sheehan welcomed the “ strong Support: from NYX shareholders and believes the acquisition will turn them into a major force in sports wagering, Only a few weeks ago many thought that the deal would not go through due to William Hill’s objections yet all parties have been “ placated” and have had their concerns addressed.