Scientific Games’ potential acquisition of Bally Technologies could be at a standstill after reports on Monday that JPMorgan Chase & Co. has postponed the syndication of $3.19 billion in loans to finance the purchase.
Scientific Games shares dropped after failure to generate enough investor interest by the October 3 deadline.
The banks have announced a fall-back position revealing the successful marketing of separate loans to supplement the acquisition.
Scientific Games announced its agreement to acquire outstanding Bally common stock in August.
SassyGirlMe
10 years ago
Full Member
I thought Bally's was acquiring Scientific Gaming not the other way around? I guess I have not been reading these articles close enough. Or is this a mistake? And again JP Morgan is the lender? Are they still in an up roar over the Obama saving the banks issue? Don't they owe the government a lot of money for spending the...
I thought Bally's was acquiring Scientific Gaming not the other way around? I guess I have not been reading these articles close enough. Or is this a mistake? And again JP Morgan is the lender? Are they still in an up roar over the Obama saving the banks issue? Don't they owe the government a lot of money for spending the money the government gave to them inappropriate? What ever happened to that? JP Morgan should be careful with the money they loan.
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