Science & Technology
Wed, June 15, 2011Tue, June 14, 2011Mon, June 13, 2011Fri, June 10, 2011Thu, June 9, 2011Wed, June 8, 2011Tue, June 7, 2011Mon, June 6, 2011Sat, June 4, 2011Fri, June 3, 2011Thu, June 2, 2011Wed, June 1, 2011Tue, May 31, 2011Mon, May 30, 2011Fri, May 27, 2011Thu, May 26, 2011Wed, May 25, 2011IGT Receives Necessary Approvals to Acquire Entraction Holding AB
Published in Science and Technology on Tuesday, June 7th 2011 at 20:41 GMT by Market Wire
STOCKHOLM--([ BUSINESS WIRE ])--International Game Technology (NYSE: IGT) (aIGTa) a" a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated gaming markets a" has received approval from the Maltese anti-trust authorities for the cash offer (the aOffera) to the shareholders in Entraction Holding AB (aEntractiona or the aCompanya) to acquire all A shares and B shares in Entraction, through its wholly-owned Swedish subsidiary Eagle Ice AB[1]([ https://connect.ne.cision.com/Scripts/lib/tiny_mce/plugins/paste/pasteword.htm#_ftn1 ]) (aEagle Icea). IGT has in addition received approval to be the new owner to required licenses in order to conduct gaming operations from Malta.
"Managementa™s Discussion and Analysis of Financial Condition and Results of Operations"
The decision from the Maltese anti-trust authorities means IGT now has all necessary regulatory approvals needed to complete the Offer.
The terms and conditions relating to the Offer are described in the Offer document which can be found on the transaction website [ http://info.igt.com ]. The Offer remains open for acceptance until June 7, 2011. Settlement is expected to commence on June 15, 2011.
Eagle Ice and IGT in brief
Eagle Ice is a Swedish limited liability company, wholly-owned by IGT. Eagle Icea™s company registration number is 556850-8856 and its registered office is in the municipality of Stockholm. Eagle Ice has never conducted any business and at present does not conduct any business and its sole purpose is to make the Offer and take all actions to finance and complete the Offer and subsequently operate as parent company of Entraction.
IGT (NYSE: IGT) is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets.
IGT is currently regulated in over 350 jurisdictions and has approximately 4,900 employees.
In Fiscal Year 2010, IGT reported revenues of USD 1,987 million, operating profit of USD 433 million, and is listed on the New York Stock Exchange (NYSE).
More information about IGT is available at [ www.IGT.com ] or follow IGT on Twitter at @IGTNews or Facebook at [ www.facebook.com/IGT ].
The information in this announcement was released for publication at 08:00 CET on June 7, 2011.
Forward-looking statements
This press release contains forward-looking statements that involve risks and uncertainties concerning the proposed Offer. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, among others, the possibility that the Offer might not close or that the closing may be delayed, IGTa™s integration of Entraction, its products, technologies and employees may experience difficulties, and the anticipated benefits of the Offer to IGT and its customers might not be realized. More information about potential factors that could affect IGTa™s business and financial results is included in IGTa™s filings with the U.S. Securities and Exchange Commission, including under the captions aRisk Factorsa and aManagementa™s Discussion and Analysis of Financial Condition and Results of Operationsa in IGTa™s Annual Report on Form 10-K for its 2010 fiscal year and its Quarterly Report on Form 10-Q for its fiscal quarter ended March 31, 2011, and available on the SEC website at [ www.sec.gov ] and on the investor relations section of IGTa™s website at [ www.IGT.com ]. All information provided in this release is as of June 7, 2011, and IGT does not intend, and undertakes no duty, to update this information.
[1]([ https://connect.ne.cision.com/Scripts/lib/tiny_mce/plugins/paste/pasteword.htm#_ftnref1 ]) Eagle Ice AB, previously under the name Goldcup 6663 AB, is a newly incorporated Swedish limited liability company, with company registration number 556850-8856.
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