Aristocrat UNDER REVIEW
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Aristocrat Leisure has announced the $1.4bn acquisition of VGT, ‘a leading US gaming operations business, providing Class II gaming content, platforms, systems and technology’. In layman’s terms it produces mechanical reel poker machines for US Tribal Casinos.
Several sources of funding will be used, including a share purchase plan that opens on 4 August. It closes on 15 August so you’ve got plenty of time to decide whether you want to participate if you’re eligible. If you’re not familiar with share purchase plans we highly recommend reading Your guide to retail share offers and How to profit from a Share Purchase Plan.
We’ll dissect the deal in a full review to be published later this week. Until then we’re switching to UNDER REVIEW.
Note: The model Growth Portfolio owns shares in Aristocrat Leisure.
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