DEQ shareholders approve arrangement with Scientific Games

DEQ Systems Corp. is pleased to announce that its shareholders have today approved a special resolution authorizing the previously announced plan of arrangement pursuant to which SG Canada Acquisitions, Inc., a wholly-owned subsidiary of Scientific Games Corporation, will acquire all of the outstanding common shares in the capital of DEQ for a cash payment of CDN$0.38 per common share of DEQ.

The special resolution, which required the approval of at least two-thirds of the votes cast by shareholders, was approved by 96.49% of the votes cast by shareholders.

The plan of arrangement is also subject to the approval of the Superior Court of Québec (Commercial Division) at a final hearing which is scheduled to be held on November 10, 2016 in Montreal, Quebec at 9:00 a.m. (EST) or as soon thereafter as counsel may be heard. It is anticipated that the arrangement transaction will be completed in the fourth quarter of 2016 or the first quarter of 2017 following the satisfaction or waiver of all the conditions of closing, including among other things, receipt of the Court's approval.

Share This Post


More News

Virginia’s sports betting volume has reached a new record with $427m in wagers for October, easily breaking the previous record of $304.1m set in March. This new total...

With the launch of its new in-house games studio, Wizard Games, Pariplay is looking to overhaul its proprietary games content. Gambling Insider speaks to the man who came on board to...