CDS AGREES TO MERGE WITH ARISTOCRAT

May 19, 2001 3:25 AM
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Las Vegas-based slot maker Casino Data Systems (Nasdaq: CSDS) has agreed to merge with Australian slot giant Aristocrat Leisure Ltd.

The agreement was announced Friday after CDS' annual shareholder meeting. Shareholders approved the merger and also elected the slate of directors nominated by the board of CDS.

Steve Weiss, chief executive officer of CDS, said the two companies are moving forward with the necessary regulatory approvals to complete the merger.

The deal was first announced January 17.

CSDS closed Friday down 2 cents to $9.07.