IGT receives approval to acquire Entraction
First announced early last month, IGT’s anticipated deal would see it acquire all of the outstanding A and B shares in the Stockholm-based online gaming software developer and platform provider for us$ 115 million, which would equate to us$ 11.11 per share.
The Reno-based firm revealed that its proposal, if subsequently accepted by Entraction’s shareholders, would see its wholly-owned Swedish subsidiary Eagle Ice AB take possession of 90 percent of Entraction while settlement is expected to commence from June 15.
“The decision from the Maltese anti-trust authorities means IGT now has all necessary regulatory approvals needed to complete the offer,” read a statement from IGT. “IGT has, in addition, received approval to be the new owner to required licenses in order to conduct gaming operations from Malta.”
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