On August 31, 2016, DEQ Systems Corp. ("DEQ") and Scientific Games Corporation ("Scientific Games") announced that they have entered into a definitive agreement under which Scientific Games will acquire all of DEQ's issued and outstanding common shares for a cash payment of $0.38 per share.
The transaction is expected to close in the fourth quarter of 2016 or the first quarter of 2017, subject to approval by DEQ's shareholders, receipt of gaming approvals in certain jurisdictions, and other customary closing conditions.
DEQ is a market leader in Table Games, Progressive Systems, Proprietary Table Games content and Utility solutions. DEQ's systems and games are installed in over 300 casinos, in 30 countries worldwide.
Osler, Hoskin & Harcourt LLP is representing DEQ with a team led by Eric Levy, Bastien Gauthier, Antonella Penta, Raphael Amram (Corporate) and Manon Thivierge (Tax).
Key Contact
Partner, Corporate, Toronto
