|[August 01, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Bally Technologies, Inc. In Connection With The Proposed Sale Of The Company To Scientific Games Corporation
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Bally Technologies (News - Alert), Inc. ("Bally" or the "Company") (NYSE:
BYI) relating to the proposed buyout of the Company by Scientific Games
Corporation ("Scientific Games").
On August 1, 2014, Bally and Scientific Games announced the signing of a
definitive merger agreement pursuant to which Scientific Games will
acquire Bally in a transaction valued at approximately $5.1 billion.
Under the terms of the transaction, Bally shareholders are anticipated
to receive $83.30 in cash for each share of Bally they own According to Yahoo!
Finance, at least one analyst has issued a price target for Bally
stock at $90.00 per share. The firm's investigation seeks to determine,
among other things, whether the Company's Board of Directors breached
their fiduciary duties by failing to maximize shareholder value before
agreeing to enter into the transaction, and whether Scientific Games is
underpaying for Bally shares.
If you currently own common stock of Bally and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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