US-based gaming company WMS is to hold a special stockholder meeting on May 10 to vote on the adoption of the merger agreement with Scientific Games.
The two companies signed a deal in January under which Scientific Games agreed to acquire WMS for approximately $1.5bn. The transaction was unanimously approved by both of the companies’ boards.
The special meeting of stockholders will be held at the Waldorf-Astoria Hotel in Chicago, Illinois. WMS stockholders as at the close of business on April 8, 2013, will be entitled to notice of and to vote at the meeting.
The merger, which is expected to be completed by the end of the year, is subject to the approval of a majority of outstanding shares of WMS common stock and the receipt of the relevant gaming approvals.
