IGT announces successful results of tender offer for shares of Entraction
IGT previously received necessary approvals from the Maltese anti-trust and gaming authorities. Settlement for shareholders who have already accepted the Offer -, launched on May 5 through its wholly-owned Swedish subsidiary Eagle Ice AB- is expected to commence on June 15, 2011.
The acceptance period has been extended until June 23, 2011, 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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