PDS Gaming Agrees to Managers' Buyout

22 April 2004

LAS VEGAS -- PDS Gaming Corp. of Las Vegas announced this morning that it has agreed to a proposal by company executives Johan P. Finley, Lona M. B. Finley and Peter D. Cleary to acquire all of the company's outstanding stock.

The $98 million proposal was announced in February 2003, and the company's board of directors and a special committee of the board have unanimously approved the plan.

Final approval must still be received by a majority of the company's shares not owned by the management group, the company's commercial lenders and gaming regulators.

PDS primarily finances and leases gaming equipment to operators nationwide.


Related Links
PDS Gaming LLC Gaming Vendor Information


Copyright © Las Vegas Sun. Inc. Republished with permission.
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