Scientific Games to buy rival Bally Technologies for $3.27 bln

Fri Aug 1, 2014 7:34am EDT

Aug 1 (Reuters) - Scientific Games Corp, which makes slot machines for casinos, will buy larger rival Bally Technologies Inc for about $3.27 billion.

The $83.30 per-share cash offer represents a 38 percent premium to Bally's Thursday closing price of $60.17 on the New York Stock Exchange, the companies said in a joint statement.

Including debt, the deal value is $5.1 billion, the companies said. (Reporting by Supantha Mukherjee in Bangalore; Editing by Simon Jennings)