Novomatic’s tried takeover of Ainsworth is over for now after not getting 75% shareholder assist. [Image: Shutterstock.com]
Novomatic was unsuccessful in its try to purchase out the remaining shares of Ainsworth Sport Expertise, as its takeover bid didn’t get the required 75% shareholder approval to take the Australian gaming machine producer personal.
Ainsworth issued an announcement confirming that its AU$1 (US$0.71) per share provide expired on February 6 with out getting sufficient assist. The bid was a 35% premium over the share worth earlier than the provide was introduced.
considered it as undervaluing key property
Members of the Ainsworth household particularly have been in opposition to the transaction, as they considered it as undervaluing key property. They particularly highlighted Nevada and Florida properties, calling on the board to justify the transaction worth. A bunch of traders went as far as to recommend that the board didn’t have shareholders’ pursuits in thoughts by recommending the provide.
Novomatic had a stake of just about 67% in Ainsworth as of its most up-to-date monetary disclosure on January 29. It initially introduced the deliberate buy of the then-outstanding 47% stake in April 2025, at a valuation of AU$230m (US$164m). Novomatic owned 53% of Ainsworth on the time. It can’t make one other bid for no less than 4 months.
Founder Len Ainsworth initially bought a 53% stake to Novomatic in 2016 and the household nonetheless controls over 13% of the corporate by means of AKHA Holdings.
