Business
Caledonia poised to snap up US billionaire’s $1b stake in Scientific Games – Sydney Morning Herald
Billionaire Ronald Perelman has agreed to sell his stake in Scientific Games to Australian investment firm Caledonia, according to people with knowledge of the matter.
American billionaire Ronald Perelman has agreed to sell his stake in Scientific Games to Australian investment firm Caledonia Investments, according to people with knowledge of the matter.
Caledonia is set to pay more than $US25 ($34) per share for Perelman’s roughly 39 per cent stake in Las Vegas-based Scientific Games, which provides gambling products and services such as slot machines, said the people, who requested anonymity because the transaction isn’t yet public.
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