Scientific Games has entered into an agreement and plan of merger with SG Nevada.
The reincorporation merger is subject to approval by the affirmative vote of holders of a majority of outstanding shares of Class A common stock. They are entitled to vote thereon at a special meeting of the company's stockholders.
If the merger is approved by the company's stockholders at the effective time, each share of Class A common stock, par value $0.01 per share, will be converted into one fully paid and non-assessable share of common stock, par value $0.001, of SG Nevada.
The merger will not result in any change in the company's name, headquarters, business, management, location of offices, assets, liabilities or net worth. All management, including directors and officers will remain, assuming identical positions.
