International Game Technology IGT has announced that all conditions for the completion of its cash offer to acquire all shares of Entraction Holding AB
have been fulfilled.
The Offer, launched on May 5, 2011 through its wholly-owned Swedish subsidiary
Eagle Ice AB(1) ("Eagle Ice"), has been accepted by shareholders representing
9,508,408 B shares and 144,660 A shares respectively, corresponding to 93.2
percent of the shares and 80.3 percent of the votes in Entraction.
IGT previously received necessary approvals from the Maltese anti-trust and
gaming authorities. Settlement for shareholders who have already accepted the
Offer is expected to commence on June 15, 2011.
The acceptance period has been extended until June 23, 2011 (17:00 CET), which
will allow shareholders who have not yet accepted the Offer to tender their
shares. Settlement for shareholders who accept the Offer during the extended
acceptance period is expected to commence on or around June 29, 2011.
IGT intends to initiate compulsory acquisition proceedings for the remaining
shares in Entraction in accordance with the Swedish Companies Act and plans to
act for a delisting of the Entraction shares from NASDAQ OMX First North
Premier.
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