Jason Ader Aristocrat deal validates our long-held view of the value of Playtech

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In a $3.7bn deal, Aristocrat acquired software system provider Playtech, with its shareholders receiving $9.35 per share.

Hot on the heels of a $2.6bn merger with Philippines-based Okada Manila, Jason Ader has turned his gaze to the Australian Aristocrat.

Ader, the CEO of SpringOwl Asset Management and single of Playtech’s largest shareholders, stands to get ahead a lot from the takeover, with the software program firm’s amount shares being precious at $2.9bn on a full dilute basis.

As a result, it should amount as no surprisal that he strongly supports Playtech’s acquisition.

“This trade represents a compelling alignment of strategical interests and validates our long-held scene of the time value of Playtech,” he said inwards a statement to Gambling Insider.

In February, Ader participated inward a shareholder revolt o'er Playtech’s handling of the succession followers Non-Executive Chairman, Alan Jackson’s, departure.

Brian Mattingley was later prescribed to the role, and received a warm receive from Ader, who has at present congratulated the executive on his legal brief time as Chairman of the company.

“This would be a significant triumph for Brian Mattingley inward his little land tenure as Chairman and we felicitate him on his efforts to turn to our concerns as long-term shareholders and place the troupe in a billet to unlock time value and draw investment funds into Playtech.”

For Aristocrat, this business deal should unlock young areas to accelerate the company’s growing strategy, or at to the lowest degree that’s what it hopes.

To assist with the acquisition, Aristocrat plans to wage increase AU$1.3bn (US$959m), with investors able to purchase new shares at a price of AU$41.95 per share.