Shareholders to vote Feb. 10 on GTECH-IGT merger
Shareholders of slot machine developer International Game Technology will vote Feb. 10 on the company’s $6.4 billion merger agreement with lottery provider GTECH Holdings.
IGT agreed last summer to be acquired by Italy-based GTECH for $4.7 billion in cash and stock, and assumption of $1.7 billion of the Nevada-based slot maker’s debt.
Under terms of the agreement, IGT and GTECH will combine under a newly formed holding company with corporate headquarters in the United Kingdom. The company will maintain operating headquarters in Las Vegas; Providence, R.I.; and Rome.
The vote will be held at The Signature at MGM Grand Las Vegas.
The deal still requires approval of Nevada gaming regulators.
Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871. Find him on Twitter: @howardstutz
