Light & Wonder to buy remaining 17% of SciPlay for $22.95/share all cash

Light & Wonder, Inc.

Light & Wonder (LNW) to acquire remaining ~17% public stake in SciPlay (SCPL) at $22.95 per share in cash; already owns ~83% with 98% voting power.
Transaction expected to close in Q4 2023; no further stockholder approval required after written consent from LNW’s Class B holdings.
SciPlay Special Committee approved deal; Lazard and Sullivan & Cromwell advised the committee.
Deal unifies L&W's businesses, accelerates cross-platform strategy, and optimizes capital allocation.
SciPlay Class A shares will be delisted from Nasdaq after Merger closes.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Light & Wonder, Inc. entered into Agreement and Plan of Merger with SciPlay Corporation valued at SciPlay stockholders to receive $22.95 per share in cash (effective 2023-08-08).

Action: entry
Agreement: merger
Counterparty: SciPlay Corporation
Value: SciPlay stockholders to receive $22.95 per share in cash
Effective: 2023-08-08

Exact text from the filing

On August 8, 2023 , Light & Wonder, Inc., a Nevada corporation (“ Light & Wonder ”), SciPlay Corporation, a Nevada corporation (“ SciPlay ”), and Bern Merger Sub, Inc., a Nevada corporation and a wholly owned subsidiary of Light & Wonder (“ Merger Sub ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”)

View on SEC.gov

273 material agreements filed in the last 30 days. Browse all material agreements →

Light & Wonder, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-088839

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.