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Aristocrat Leisure agrees to buy NeoGames for $29.50 a share in cash

May 14, 2023 7:56 PM ETNeoGames S.A. (NGMS)By: Joshua Fineman, SA News Editor4 Comments
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  • Aristocrat Leisure Limited agreed to acquire NeoGames SA (NASDAQ:NGMS) for $29.50 a share in all-cash deal for the lottery game technology company.
  • The deal, which represents an enterprise value of $1.2 billion, is expected to be completed within 12 months and includes regulator

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Comments (4)

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Gino Verza profile picture
Surprised this Sunday evening of the news.
Happy to hear about the offer, but disappointed that management/owners are supporting it at $29.50. Clearly, way below my target price -- easily more than twice the offered price.
All in all, not that pleased.
Bjorn Zonneveld profile picture
@Gino Verza bought Aspire, which was acquired at a lower price than my target. Eventually bought Neogames and it happens again. Maybe I'd buy Aristocrat.
Gino Verza profile picture
@Bjorn Zonneveld Good thinking. Looked at Aristocrat too, but NGMS hardly moves the needle. However match of competencies looks good. Are you buying Aristocrat?
Bjorn Zonneveld profile picture
@Gino Verza Thinking about it. In a position right now that I can't do much in terms of transactions. Will have to see what it looks like in August.
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