|[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
Bally Technologies, a gaming company, designs, manufactures, operates,
and distributes advanced technology-based gaming devices, systems,
server-based solutions, custom mobile applications, and interactive
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
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 (firstname.lastname@example.org)
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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