SciPlay has announced that its Board of Directors has created a ‘special committee’ of independent directors to assess the proposal from Light & Wonder to buy its remaining shares (17% of the company). Members of the committee are Michael Marchetti and William Thompson, with Gerald Cohen and April Henry co-chairing the committee.

Currently, Light and Wonder owns 83% of the economic interest and 98% of the voting interest in SciPlay. However, the acquisition of the remaining shares would see it retain full ownership of SciPlay.

SciPlay overall has a market capitalisation of $2.43bn. The valuation of the proposed transaction stands at $422m.

On 18 May 2023, the Board received a non-binding proposal from Light & Wonder,set poker texas hold em requesting the acquisition of the remaining 17% equity interest in Sciplay. A committee of directors has been granted full authority to “review and evaluate” the proposal.

The proposal also included that Light & Wonder wants to acquire the remaining 17% equity for $20 per share in cash.

The company has been cautioning its shareholders about the security of trading because neither the committee nor the Board has made a decision in regards to the proposed transaction. There is also no guarantee that Light & Wonder will make a definitive offer, or that the offer will be approved.

Recently, Mohegan Inspire Entertainment Resort and Light & Wonder signed a systems agreement with Light & Wonder, supplying slots and electronic table games to be installed at the resort in South Korea.

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