BUZZ-Light & Wonder's Australian shares soar on buying Grover Gaming's charitable gaming assets
ReutersFeb 19, 2025 4:26 AM
Light & Wonder's Australia-listed shares LWN.AX LNW.O rise 10.3% to a record high of A$169.57
Stock top gainer on the benchmark index .AXJO
U.S.-based gaming co to acquire Grover Gaming's charitable gaming assets for $850 million
Says deal is highly accretive to value and earnings, with high single-digit adjusted NPATA per-share accretion
Nearly 319,000 shares change hands, 3.6 times the 30-day average volume of shares
Stock up 12.1% this year, as of last close
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