Novomatic (Finally) Makes A Move On Ainsworth Game Technology (AGI AU)

Apr 28, 2025

∙ Paid

Ainsworth Game Technology (AGI AU), an Aussie gaming supplier, has entered into a Scheme Implementation Deed with Austria's Novomatic, Ainsworth's largest shareholder (52.9%). A from Offer has been long rumoured.
Novomatic is offering A$1.008/share (best & final), a 35% premium to last close. The Offer does NOT require FIRB signing off. The Offer has the unanimous backing of both boards.
Expect shareholder pushback. The Offer consideration is 64% below what Novomatic paid for its controlling stake in 2016.

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