Light & Wonder to acquire remaining public shares of SciPlay

Light & Wonder, Inc. (LNW) and SciPlay Corporation (SCPL) announced that they have entered into a definitive agreement under which Light & Wonder will acquire the remaining approximately 17% equity interest in SciPlay that it does not currently own for $22.95 per share in an all-cash transaction. The Transaction has been approved by the Board of Directors of Light & Wonder. In addition, a special committee comprised solely of certain of SciPlay’s independent directors, advised by its own independent financial and legal advisors, determined that the Transaction is in the best interests of SciPlay shareholders. Acting upon the recommendation of the Special Committee, the Board of Directors of SciPlay approved the Transaction.