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Prospect News home > News index > List of issuers S > Headlines for Scientific Games Corp. > News item
Published on 2/16/2007 in the Prospect News Special Situations Daily.

MacAndrews & Forbes increases stake in Scientific Games with purchase of 3.8 million shares

By Lisa Kerner

Charlotte, N.C., Feb. 16 - MacAndrews & Forbes Holdings Inc., through SGMS Acquisition Corp., increased its stake in Scientific Games Corp. to 28.29% with the purchase of 3.8 million shares of common stock in two block purchases totaling $118.3 million, according to an amended schedule 13D filing with the Securities and Exchange Commission.

The shareholders stated that the stock purchase was made as an investment in the New York-based lottery and pari-mutuel operator.


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