The board of Ainsworth Game Technology is formally recommending that its non-Novomatic shareholders accept a takeover bid from the Austrian gaming giant.
The current offer stands at AU1.00(US0.67) per share, a price that an Independent Board Committee at Ainsworth has determined to be “fair and reasonable” in the absence of a superior competing proposal.
Novomatic is already the majority shareholder in Ainsworth, holding a significant 58.8% stake in the Australian gaming machine manufacturer.
This takeover bid represents a strategic move by Novomatic to consolidate its ownership and potentially take the company private. The transaction is projected to be finalized by November 3, 2025.
Under the terms of the proposed acquisition, if Novomatic successfully acquires 75% or more of Ainsworth’s total shares, it will proceed with an application to have the company delisted from the Australian Stock Exchange (ASX).
Furthermore, if Novomatic’s holding reaches the 90% threshold, the delisting process will become compulsory, effectively transitioning Ainsworth into a wholly-owned subsidiary.
The Ainsworth board has advised shareholders who wish to accept the offer to take the necessary steps, while those who are uncertain have been encouraged to seek independent financial advice.
Shareholders who do not wish to sell their shares at the current offer price are advised to take no action.
