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TMCNet:  BALLY TECHNOLOGIES ALERT: Proposed Sale of Bally Technologies, Inc. Being Investigated by Johnson & Weaver, LLP

[August 01, 2014]

BALLY TECHNOLOGIES ALERT: Proposed Sale of Bally Technologies, Inc. Being Investigated by Johnson & Weaver, LLP

SAN DIEGO --(Business Wire)--

Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Bally Technologies (News - Alert), Inc. (NYSE: BYI) breached their fiduciary duties in connection with the proposed $5.1 billion sale of the company to Scientific Games Corporation.

Additional Information:

Bally Technologies, a gaming company, designs, manufactures, operates, and distributes advanced technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications.

On August 1, 2014, Bally Technologies and Scientific Games entered into an agreement whereby Scientific Games will acquire Bally Technologies. Under the terms of the agreement, Bally Technologies shareholders wil receive $83.30 per share in cash for each share of Bally Technologies they own.

Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed $83.30 per share deal price represents adequate consideration. One Wall Street analyst has a $90.00 per share price target.

If you are a shareholder of Bally Technologies and believe (1) the proposed buyout price is too low and (2) you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.


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