FTC approves Scientific Games Corp. acquisition of WMS Industries

LAS VEGAS -- The Federal Trade Commission signed off Monday on the Scientific Games Corporation's $1.5 billion acquisition of slot machine maker WMS Industries Incorporated.

In a joint statement, the companies announced they have been notified by the FTC of "early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act."

The termination satisfied one of the conditions required for completion of the merger. The transaction remains subject to additional conditions, including the approval by WMS stockholders and approvals from various gaming regulatory bodies, including the Nevada Gaming Commission.

Lottery provider Scientific Games announced Jan. 31 it was acquiring WMS for $26 a share.

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