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.
GCA vs. ETF Alternatives
Global Cash Access Holdings Inc providesintegrated gaming payments solutions, video & mechanical reel gaming content & technology solutions, as well as compliance & efficiency software. Its business segments includes cash advance, ATM & check services.
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