Hart-Scott-Rodino Waiting Period Expires For Bally's Acquisition Of SHFL

(RTTNews) - Bally Technologies Inc. (BYI) and SHFL entertainment Inc. (SHFL) Tuesday announced that the applicable waiting period under the Hart-Scott-Rodino Antitrust Act of 1976 in relation to Bally's proposed acquisition of SHFL expired on August 26, with no action by the Federal Trade Commission or the Department of Justice.

In July, Bally agreed to acquire SHFL at a price per share of $23.25 in cash for total consideration of about $1.3 billion.

Completion of the HSR Act waiting period satisfies one of the conditions required to finalize the acquisition. The deal is still subject to approval by SHFL's shareholders, required regulatory approvals, and certain other customary closing conditions.

The deal is not subject to a financing contingency and Bally has obtained commitments for a new $1.1 billion term loan facility to finance the acquisition of SHFL.