Innova and Pollard Banknote finally agree on acquisition terms – Gaming Intelligence

Innova and Pollard Banknote finally agree on acquisition terms – Gaming Intelligence

Canadian lottery supplier Pollard Banknote looks set to finally acquire Innova Gaming Group after the companies settled on the terms of a deal after months of discussions.

Pollard has made an offer of CAD$2.50 per Innova share, a 19 per cent increase on its original $2.10 per share offer, and a premium of 66 per cent on Innova’s closing share price of CAD$1.51 on March 9th – the last trading day prior to the initial announcement of Pollard’s proposal to acquire the business.

The new offer has received unanimous support from the Innova board, and values the Toronto-listed supplier at $51m..

Source: Innova and Pollard Banknote finally agree on acquisition terms – Gaming Intelligence