Key Developments: WMS Industries Inc (WMS.N)
25.51USD
19 Jun 2013
$-0.06 (-0.23%)
$25.57
$25.57
$25.65
$25.50
37,174
119,537
$25.72
$13.95
Latest Key Developments (Source: Significant Developments)
WMS Industries Inc's Williams Interactive LLC Announces Multi-Year B2B Online Gaming Agreement With The Rank Group PLC
Williams Interactive LLC, a wholly owned subsidiary of WMS Industries Inc, announced that the Company has entered into a multi-year online content licensing agreement with The Rank Group Plc., an European gaming-based entertainment company. The group's online brands, Meccabingo.com and Grosvenorcasinos.com, will have access to WMS' online library of authentic slot games including THE WIZARD OF OZ, Zeus, Reel 'Em In and Jackpot Party games. The WMS video slot content is expected to be available on Meccabingo.com and Grosvenorcasinos.com before the second half of the year; and is made possible by the seamless integration with OpenBet’s Remote Gaming Interface, an integral part of the platform used by Rank’s online casino websites. Full Article
Wms Industries Inc's Williams Interactive LLC Announces B2B Online Gaming Agreement With Bonnier Group's Bonnier Gaming
Williams Interactive LLC, a wholly owned subsidiary of WMS Industries Inc announced that the Company has entered into an online content licensing agreement with Malta-based Bonnier Gaming, a wholly owned subsidiary of Scandinavian-based media conglomerate Bonnier Group. The agreement, pursuant to which Bonnier Gaming will have access to WMS` online library of authentic slot games on their various gaming websites, further expands WMS`video slot gaming content to new consumer audiences. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation Of Wms Industries Inc
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of WMS Industries, Inc (WMS or the Company) relating to the proposed acquisition by Scientific Games Corporation. (SGMS).The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of WMS for not acting in the Company`s shareholders' best interests in connection with the sale process to SGMS. The focus of the investigation is whether the WMS Board of Directors breached their fiduciary duties by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation of Wms Industries Inc
Wms Industries Inc announces that Law office of Brodsky & Smith is investigating potential claims against the Board of Directors the Company relating to the proposed acquisition by Scientific Games Corporation. (SGMS). Under the terms of the transaction, WMS shareholders will receive only $26.00 in cash for each share of WMS stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of WMS for not acting in the Company's shareholders' best interests in connection with the sale process to SGMS. The focus of the investigation is whether the WMS Board of Directors breached their fiduciary duties by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction. The transaction will result in a loss for many long term shareholders as shares of WMS stock traded at $43.02 a share on February 14, 2011. Full Article
Faruqi & Faruqi, LLP Announces Investigation Of Wms Industries Inc
Faruqi & Faruqi, LLP announced that it is investigating the Board of Directors of WMS Industries, Inc. (WMS or the Company) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Scientific Games Corporation in an all-cash deal valued at approximately $1.5 billion. Under the terms of the proposed transaction, WMS` stockholders will receive $26 in cash for each share of WMS common stock they own. The investigation focuses on whether WMS` Board of Directors breached their fiduciary duties to the Company`s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of WMS` shareholders. Full Article
The Law Firm of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Of WMS Industries Inc In Connection With Sale Of The Company To Scientific Games Corp
Levi & Korsinsky announced that it is investigating the Board of Directors of WMS Industries Inc (WMS or the Company) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Scientific Games Corporation. Under the terms of the transaction, WMS shareholders will receive $26 for each share of WMS stock they own. The transaction has a total approximate value of $1.5 billion. The investigation concerns whether the WMS Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether Scientific Games Corporation is underpaying for WMS, thus unlawfully harming WMS stockholders. Full Article
Ryan & Maniskas, LLP Announces Investigation Of Wms Industries Inc
Ryan & Maniskas, LLP announced that it is investigating potential claims against the board of directors of Wms Industries Inc concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Scientific Games Corporation in a transaction valued at approximately $1.5 billion. Investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of WMS. Full Article
Rigrodsky & Long, P.A. Announces Investigation Of Wms Industries Inc Buyout
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of WMS Industries, Inc. (WMS or the Company) regarding possible breaches of fiduciary duties and other violations of law related to the Company`s entry into an agreement to be acquired by Scientific Games Corporation (SGMS), in a transaction valued at approximately $1.5 billion. Under the terms of the proposal, public shareholders of WMS will receive $26.00 per share in cash for each share of WMS they own. The investigation concerns whether WMS`s board of directors failed to adequately shop the Company and obtain the best possible value for WMS`s shareholders before entering into an agreement with SGMS. Full Article
Harwood Feffer LLP Announces Investigation Of Wms Industries Inc
Harwood Feffer LLPannounced that it is investigating potential claims against the board of directors of Wms Industries concerning the proposed acquisition of the Company by Scientific Games Corp. (SGC) in a transaction valued at approximately $1.5 billion. Investigation concerns whether the WMS board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. Full Article
Briscoe Law Firm and Powers Taylor, LLP Investigate Sale Of Wms Industries Inc To Scientific Games
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP announced that they are investigating the sale of WMS Industries, Inc. (WMS) to Scientific Games Corporation for shareholders. Under the terms of the proposed deal, which is valued at approximately $1.5 billion, WMS shareholders will only receive $26.00 in cash for each share of WMS stock owned. The merger is expected to close by the end of 2013. Full Article
Scientific Games makes casino gaming bet with $1.42 billion WMS buy
- Scientific Games Corp , which makes tickets and software for lotteries, said it would acquire slot machine maker WMS Industries Inc for about $1.42 billion to beef up its exposure to the booming casino gaming industry.
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