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Multimedia Games, Inc. (MGAM)

- NASDAQ
MGAM is defunct.
  • Sep. 8, 2014, 7:20 AM
    • Global Cash Access (NYSE:GCA) announces it will purchase Multimedia Games (NASDAQ:MGAM) in a deal valued at $1.2B.
    • The offer price of $36.50 per share is a 31% premium over MGAM's closing price on Friday.
    • The companies anticipate merger synergies of $30M after the combination.
    • MGAM +29.6% premarket to $36.00.
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  • Aug. 1, 2014, 7:50 AM
    • The combination of Scientific Games (NASDAQ:SGMS) and Bally Technologies (NYSE:BYI) will create a gaming and lottery juggernaut able to stir up $220M in annual cost synergies and $25M in annual capex spending savings, according to the companies.
    • The pairing will also see "accelerated utilization" of various tax attributes on U.S. income which will help the bottom line.
    • The lush premium paid for Bally could give a lift sector peers Multimedia Games (NASDAQ:MGAM) and International Game Technology (NYSE:IGT) today.
    • Premarket: IGT +1.9%, MGAM no action yet.
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  • Apr. 30, 2014, 7:13 AM
    • Multimedia Games (MGAM) acquires PokerTek (PTEK) for $1.35 per share.
    • The transaction is expected to close this calendar year after regulators and shareholders approve it.
    • The deal price reps a 37.8% premium over PokerTek's closing price yesterday.
    • Shares of PTEK have been halted.
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Company Description
Multimedia Games Holding Co Incand its subsidiaries designs, manufactures and supply's standalone and networked gaming systems to commercial and Native American casino operators in North America and to domestic & international lottery operators.
Sector: Services
Country: United States