SciPlay Corporation (SCPL)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of SciPlay Corporation (“SciPlay” or the “Company”) (NASDAQ: SCPL). Investors who purchased SciPlay shares are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether SciPlay and certain of its officers and/or directors have violated federal securities laws.
On December 22, 2021, SciPlay issued a press release “announc[ing] that discussions between [a special committee of independent directors of the Company] and Scientific Games Corporation (SGMS) (‘Scientific Games’) regarding Scientific Games’ proposal to acquire the outstanding publicly traded shares of SciPlay have terminated.” SciPlay reported that “the Special Committee rejected Scientific Games' initial proposal,” to acquire the 19% equity interest in SciPlay it does not currently own at a price of 0.250 shares of Scientific Games for each share of SciPlay, “and actively engaged with Scientific Games to negotiate terms that it believed better reflects the value of SciPlay. However, the Special Committee and Scientific Games have been unable to reach an agreement on a transaction between SciPlay and Scientific Games, and discussions between Special Committee and Scientific Games regarding a potential transaction have terminated.” On this news, SciPlay’s stock price fell $1.98 per share, or 12.8%, to close at $13.49 per share on December 23, 2021.
If you are aware of any facts relating to this investigation or purchased SciPlay shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.