European gaming giant Novomatic has submitted an alternative, unconditional bid to acquire all shares that it doesn’t currently own in Australian supplier Ainsworth Game Technology (AGT) at a price of AU$1.00 per share, representing a total consideration of AU$158.6 million (US$104.3 million).
AGT revealed details of the revised offer ahead of its 1H25 earnings call on Wednesday morning, stating that Novomatic’s bid ranks on par with an initial bid launched in April except that Novomatic has now waived any right to include conditions in its takeover bid and it is therefore unconditional.
Novomatic has, however, stated that the offer price is final and will not be increased.
