ATG Encourages Shareholders to OK Novomatic’s Takeover Bid

Summary

Ainsworth Game Technology (ATG) has urged shareholders to accept Novomatic’s improved takeover offer, which values the remaining shares at AUD 1 per share — implying a total bid of AUD 158.6 million. Novomatic already owns 58.8% of ATG. The Independent Board Committee unanimously recommends acceptance (excluding Novomatic), subject to the Independent Expert’s opinion and the absence of a superior proposal. ATG lodged the Target’s Statement with ASIC on 15 September and expects to send it to shareholders on 17 September 2025. The company aims to close the transaction by 3 November 2025. Shareholders unsure about the offer are advised to seek independent professional advice; those who want to reject it were told to take no action.

Key Points

Novomatic holds 58.8% of ATG and has returned with an improved, declared “best and final” bid of AUD 1 per share (total AUD 158.6m).
ATG’s Independent Board Committee unanimously recommends shareholders (other than Novomatic) accept the offer, subject to the Independent Expert’s conclusion and no superior proposal emerging.
Major investors previously opposed an earlier, lower offer; the revised price appears to have addressed valuation concerns.
The Target’s Statement was lodged with the Australian Securities and Investments Commission on 15 September and is expected to be sent to shareholders on 17 September 2025.
ATG aims to complete the deal by 3 November 2025; shareholders are urged to consider personal tax and risk circumstances and seek independent advice if in doubt.

Why should I read this?

Short and blunt: if you own ATG shares, follow gaming M&A or track supplier consolidation in the iGaming sector, this is the update that matters. The board backs the revised offer, a closing date is set, and the move could shift ownership and strategy for a notable gaming-machine maker. If you’re undecided as a shareholder, get proper advice — now.

Context and Relevance

This deal is a typical example of consolidation in the gaming-equipment space, where larger groups tighten control over suppliers. Novomatic increasing its stake to attempt a full buyout signals strategic intent to consolidate product lines and market share. The recommendation from ATG’s Independent Board Committee, combined with ASIC filings and a concrete timetable, makes this more than a speculative rumour — it’s an actionable corporate event for investors and industry watchers.

Source

Source: https://www.gamblingnews.com/news/atg-encourages-shareholders-to-ok-novomatics-takeover-bid/