Novomatic AG Announces Takeover Offer for Ainsworth Game Technology Limited (ASX:AGI)
Takeover Offer Details
Novomatic AG has announced an unconditional takeover offer for Ainsworth Game Technology Limited (ASX:AGI), offering A$1.00 cash per AGI Share. This offer represents a 35% premium over the closing price of AGI Shares on April 24, 2025.
Financial Terms and Premium
The offer implies an equity value of approximately A$336.8 million on a fully diluted basis and an enterprise value of around A$336.5 million for AGI. Novomatic’s bid is based on AGI’s FY24A EBITDA of A$48.2 million and is not subject to any conditions, ensuring certainty for AGI Shareholders.
Future Plans and Strategic Review
Upon successful acquisition, Novomatic intends to conduct a strategic review of AGI’s business operations, including its dividend policy and capital requirements. Novomatic aims to enhance AGI’s global presence, particularly in the Australian and US markets, and may seek to delist AGI from the ASX once a 75% shareholding is achieved.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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