tlEWS S
NEW
BALLY SUES
SUES TRUMP,
TRUMP, ADOPTS
ADOPTS
BALLY
SHAREHOLDER PLAN
PLAN
SHAREHOLDER
On December
December 5,
5, 1986
1986 Bally
Bally
On
Manufacturing
Corp.
filed
suit
in
U.S.
Manufacturing Corp. filed suit in U.S.
District
Court
in
Camden,
N.J.
against
District Court in Camden, N.J. against
New York
York real
real estate
estate developer
developer
New
Donald
Trump,
alleging
that
Trump
Donald Trump, alleging that Trump
and
related
entities
violated
federal
and related entities violated federal
securities and
and antiturst
antiturst laws.
laws.
securities
Trump
owns
significant
property in in
Trump owns significant property
New
York
and
two
casinos
Atlantic
New York and two casinos in in Atlantic
City.
He
recently
has
acquired
9.6
City. He recently has acquired 9.6
percent
of
Baily's
30
million
percent of
Bally's
30 million
outstanding shares.
shares.
outstanding
statement issued
issued the
the same
same
In In a a statement
day,
Bally
announced
that
it
has
day, Bally announced that it has
retained
Drexel
Burnham
Lambert,
Inc.
retained Drexel Burnham Lambert, Inc.
explore various
various possibilities
possibili ties for
for the
the
to to explore
restructuring
of
Bally
designed
restructuring of Bally designed to to
enhance longterm
longterm shareholder
shareholder value.
value.
enhance
Bally
said
its
board
of
directors
Bally said its board of directors
adopted
a
shareholder
rights
plan
adopted a shareholder rights plan
intended
to
prevent
accumulations
of
intended to prevent accumulations of
Bally
stock
under
circumstances
wh
ich
Bally stock under circumstances which
could jeopordize
jeopordize Bally's
Baily's Nevada
Nevada and
and
could
1 ew Jersey gaming licenses, to deter
New Jersey gaming licenses, to deter
coercive and
and unfair
unfair takeover attempts,
coercive
takeover attempts,
and
to
encourage
potential acquirers
acquirers
and to encourage potential
to
negotiate
with
Bally
in
advance
to negotiate with Bally in advance
regarding
any
acq
uisition
proposal.
regarding any acquisition proposal.
Bally has
has been
been considering
considering for
for
Bally
some
time
various
possibilities
for
some time various possibilities for
restructuring
or
repositioning
the
restructuring or repositioning the
company. Its
Its board
board has
has considered
considered a a
company.
proposed
shareholder
rights plan
plan
proposed shareholder rights
initially
presented
September
20,
initially presented September 20,
1986.
1986.
In its
its complaint,
complaint, Bally
Bally seeks,
seeks,
In
among
other
relief,
to
en1om
further
among other relief, to enjoin further
pu rchases of
of Bally
Bally stock
stock by
by the
the
purchases
defendants,
and
a
judgment
declaring
defendants, and a judgment declaring
Baily's shareholders
shareholders rights
rights plan
plan to to be
be
Bally's
valid.
valid.
Robert
Mullane,
president,
Robert
Mullane,
president,
chairman,
and
chief
executive
officer
chairman, and chief executive officer
of
Bally
Manufacturing
Corp.
said,
of Bally Manufacturing Corp. said,
"The board
board of
of directors
directors of
of Bally
Bally is is
"The
committed
to
the
goal
of
enhancing
committed to the goal of enhancing
shareholder values.
values. The
The shareholder
shareholder
shareholder
rights plan is intended to ensure that
rights plan is intended to ensure that
any party seeking control of Bally
any
party seeking control of Bally
affords
all shareholders
shareholders fair
fair and
and
affords all
equitable treatment and maximum
equitable treatment and maximum
value for
for their
their shares
shares and
and that
that Bally
Bally
value
stock
will
not
be
accumulated
under
stock will not be accumulated under
circumstances that
that could
could jeopordize
jeopordize
circumstances
Bally's gaming licenses."
Bally's gaming licenses."
Under the
the shareholder
shareholder rights
rights plan,
plan,
Under
ten-year
preferred
stock
purchase
ten-year preferred stock purchase
rights will
will be
be distributed
distributed to to holders
holders
rights
of
record
of
Bally
common
stock
as
of record of Bally common stock as
of
the
close
of
business
on
December
of the close of business on December
17, 1986.
1986.
17,
Jkari Warriors
Warriors that
that the
the decision
decision was
was
Ikari
made to to reopen
reopen in in the
the U.S.
U.S. SNK
SNK had
had
made
an
office
headed
by
Takahito
Yasuki,
an office headed by Takahito Yasuki,
who bought
bought it
it from
from SNK
SNK and
and
who
renamed
it
Romstar.
renamed it Romstar.
The twelve-year-old
twelve-year-old company's
company's first
first
The
game
was
Vanguard,
which
it
licensed
game was Vanguard, which it licensed
the now
now defunct
defunct Centuri.
Centuri. Its
Its most
most
to to the
recent
game
is
Victory
Road,
licensed
recent game is Victory Road, licensed
Tradewest, the
the company
company that
that
to to Tradewest,
licensed
lkari
Warriors
from
SNK
licensed Ikari Warriors from SNK.
"The first
first game
game we
we will
will market
market
"The
under
SNK
will
be
out
in
January,"
under SNK will be out in January,"
noted Jacobs.
Jacobs. "It
"It is is tentatively
tentatively named
named
noted
Bermuda
Triangle."
Bermuda Triangle."
SNK will
will continue
continue to to license
license games,
games,
SNK
and,
like
other
Japanese
companies,
and, like other Japanese companies,
also will
will market
market some
some itself.
itself.
also
SNK's
new
address
and phone
phone
OPENS
OFFICE
SNK's new address and
SNK OPENS U.S. OFFICE
number
are:
246
Sobrante
Way,
SNK, the
the Japanese
Japanese company
company that
that number are: 246 Sobrante Way,
SNK,
Sunnyvale,
CA
94086.
Telephone
has given
given the
the industry
industry such
such hits
hits as as Sunnyvale, CA 94086. Telephone
has
408/ 736-0446; FAX 408/ 736-0446.
lkari
Warriors,
Alpha
Mission,
TNK 408/736-0446; FAX 408/736-0446.
Ikari Warriors, Alpha Mission, TNK
and Vanguard,
Vanguard, has
has opened
opened an
an
3, 3, and
VALLEY BUYS
office
in
the
United
States.
Paul
office in the United States. Paul VALLEY BUYS IDEA,
Jacobs,
an
industry
veteran
with
many
SPONSORS VALLEY
VALLEY CUP
CUP
Jacobs, an industry veteran with many SPONSORS
years
experience,
has
been
named
the
years experience, has been named the
The Valley
Valley Co.
Co. of of Bay
Bay City,
City, Mich.
Mich.
The
executive vice
vice president
president and
and general
general
executive
purchased
the
assets
of
Industrial
manager of
of the
the Sunnyvale,
Sunnyvale, Calif.
Calif. purchased the assets of Industrial
manager
Design Electronic
Electronic Associates
Associates (IDEA)
(IDEA) of
of
Design
company.
company.
Sycamore,
Ill.
on
December
5.
IDEA
According to to Jacobs,
Jacobs, the
the company
company Sycamore, Ill. on December 5. IDEA
According
will no longer exist as a company,
was
so
pleased
wi
th
the
success
of will no longer exist as a company,
was so pleased with the success of
although
the entire
entire staff
staff will
will be
be
although the
retained
as
Valley
employees
involved
retained as Valley employees involved
the manufacture
manufacture of of Valley's
Valley's two
two
in in the
new
electronic
dart
games.
new electronic dart games.
COSMIC
SERIES
Valley and
and IDEA
IDEA worked
worked together
together
Valley
on
the
development
and
on
the
development
and
manufacturing
of
Valley
Cougar
Darts
manufacturing of Valley Cougar Darts
and Valley
Valley Royal
Royal Darts.
Darts. Both
Both games
games
and
will
be
manufactured
in
Sycamore,
Ill.
will be manufactured in Sycamore, Ill.
The
IDEA
line
of
dart
games
will
no
The IDEA line of dart games will no
longer
be
made.
longer be made.
IDEA is is presently
presently involved
involved in
in
IDEA
litigation
which
will
not
affect
Valley.
litigation which will not affect Valley.
During a a special
special press
press conference
conference
During
at
the
AMOA
Expo
'86,
Charles
the
AMOA
Expo
'86,
Charles
at
Paul Jacobs
Jacobs
M
ilhem,
president
of
The
Valley
Paul
Milhem, president of The Valley
SllK
U.S.
IDEA,
December 1986/PLAY
1986/ PlAY METER
METER 7 7
December