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| Pokies maker |
| unveils merger plan, $1.8m loss |
Poker machine maker Ainsworth Game Technology has announced a proposed merger with Russia's largest casino equipment supplier, Unicum.
Ainsworth chairman Len Ainsworth has unveiled the proposed deal while announcing a half-yearly loss of $1.8 million.
Under the deal, Ainsworth will issue shares to Unicum president and sole shareholder Boris Belotserkovsky, giving him a majority stake in the company.
Ainsworth shares closed up by nine cents or 8 per cent to $1.18 after the announcement of the merger.
The deal is yet to be finalised and must be approved by a special meeting of Ainsworth shareholders.
Source: http://www.abc.net.au
Article originally published in: ABC News |
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