SciPlay Corporation forms committee to consider Light & Wonder offer

Light & Wonder has made an offer for SciPlay’s remaining 17 per cent equity interest.

US.- The digital games developer SciPlay Corporation has announced that its board of directors has formed a special committee of independent directors to review the acquisition proposal from Light & Wonder. The committee is co-chaired by Gerald Cohen and April Henry, with Michael Marchetti and William Thompson serving as members.

Under the terms of the proposed transaction, Light & Wonder would acquire SciPlay’s remaining 17 per cent equity interest for a cash price of $20.00 per share. The company cautioned its shareholders that neither the board nor the special committee has made any decision with respect to the proposal.

SciPlay said in a statement: “The company cautions its shareholders and others considering trading in its securities that neither the board nor the special committee has made any decision with respect to the proposed transaction.

“There can be no assurance that any definitive offer will be made by Light & Wonder, that a definitive agreement will be executed relating to the proposed transaction or that this or any other transaction will be approved or consummated.”