NeoGames acquired by Aristocrat Leisure
NeoGames, a provider of iLottery and iGaming solutions, has entered into a definitive agreement to be acquired by Aristocrat Leisure, a content creation and entertainment company, in an all-cash transaction. Under the agreement, NeoGames will be acquired for $29.50 per share, representing an enterprise value of approximately $1.2 billion. The transaction price represents a premium of approximately 104% over the volume weighted average price of NeoGames’ shares for the 3 months leading up to the announcement. The merger is expected to be completed within 12 months, subject to regulatory approvals and shareholder approval. NeoGames’ shareholders representing approximately 61% of the outstanding shares have already agreed to vote in favor of the transaction.