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Anonymous ID: e83190 Sept. 16, 2020, 3:27 p.m. No.10673999   🗄️.is 🔗kun   >>4218 >>4310

Scientific Games Corp sold by Exec. Chair Ron Perelman: $262.52m-Sept 16

 

Scientific Games Corporation is a developer of technology-based products and services and associated content for the gaming, lottery and interactive gaming industries. Its segments include Gaming, Lottery and Interactive. Its portfolio includes gaming machines and game content, casino management systems, table game products and services, instant and draw-based lottery games, server-based gaming and lottery systems, sports betting technology, lottery content and services, loyalty and rewards programs, interactive gaming and social casino solutions. Gaming segment designs, develops, manufactures, markets and distributes a portfolio of gaming products and services. Lottery segment consists of its systems-based services and product sales business and its instant games business. Its Interactive business segment includes social (non-wagering) gaming and interactive real-money gaming (RMG). Its games are available on Facebook, Amazon, the Apple app store and Android app on Google play. Number of employees : 9 800 people.

https://www.marketscreener.com/quote/stock/SCIENTIFIC-GAMES-CORPORAT-10812/company/

 

SCIENTIFIC GAMES CORP : Entry into a Material Definitive Agreement, Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

On September 11, 2020, certain affiliates of MacAndrews and Forbes Incorporated ("M&F") entered into a Stock Purchase Agreement (the "SPA") with Pivot Buyer LLC, an affiliate of Caledonia (Private) Investments Pty ("Caledonia"), pursuant to which a number of investors, including Caledonia, agreed to purchase shares of Scientific Games Corporation's (the "Company") common stock (the "Common Stock") held by M&F equal to 34.9% of the Company's outstanding Common Stock in four tranches (the "Stock Purchase"). Pursuant to the SPA, each of Ronald O. Perelman, Barry F. Schwartz and Frances F. Townsend resigned from the Board of Directors of the Company (the "Board") effective as of the closing of the initial tranche of the Stock Purchase. Once the Stock Purchase is completed, no investor is expected to beneficially own more than 9.9% of the outstanding Common Stock of Scientific Games.

Resignation and Election of Directors

As noted above, in connection with the Stock Purchase, each of Ronald O. Perelman, Barry F. Schwartz and Frances F. Townsend resigned from the Board, effective as of September 16, 2020. Immediately following such resignations, each of Jamie R. Odell and Antonia Korsanos were elected as directors on the Board, effective as of September 16, 2020. Mr. Odell will serve as Executive Chair of the Board and Ms. Korsanos will serve as Executive Vice Chair of the Board.

https://www.marketscreener.com/quote/stock/SCIENTIFIC-GAMES-CORPORAT-10812/news/SCIENTIFIC-GAMES-CORP-Entry-into-a-Material-Definitive-Agreement-Change-in-Directors-or-Principal-31308870/

 

Ronald Perelman

American banker, businessman and investor. MacAndrews & Forbes Incorporated, his company, has invested in companies with interests in groceries, cigars, licorice, makeup, cars, photography, television, camping supplies, security, gaming, jewelry, banks, and comic book publishing. Perelman holds significant shares in companies such as Deluxe Entertainment, Revlon, SIGA Technologies RetailMeNot Merisant, Scantron, Scientific Games Corporation,Valassis, vTv Therapeutics and Harland Clarke. He previously owned a majority of shares in AM General, but in 2020 sold the majority of his shares in AM General along with significant works of art, in light of the impact of the economy on the high debt burdens many of his companies have from leveraged buyouts. In early 2020, Revlon, acquired by Perelman in the 1980s, undertook a debt deal. Previously worth 19.8 billion in 2018, Perelman is now worth 7.4 billion.

https://en.wikipedia.org/wiki/Ronald_Perelman

https://www.finviz.com/insidertrading.ashx?oc=1186472&tc=7&b=2