• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Most exit rights shares still in GTech’s hands

Jan 14, 2015 Newsdesk Industry Talk, Latest News, World  


Most exit rights shares still in GTech’s hands

A total of 0.3 percent of shares recently sold back to GTech SpA by stockholders wishing to cash out have been taken up by remaining current investors.

Investors in the Italy-based specialist in lottery games and management had the option of turning over their holdings in exchange for cash. The trigger was GTech’s planned acquisition of U.S.-based International Game Technology (IGT), a deal expected to be closed in the first half of this year. Shareholders of GTech approved the merger in November.

Holders of 19,796,852 units of stock exercised their right to sell back their shares to the Italian firm by GTech’s July deadline.

In a filing on Tuesday, GTech said 62,607 units of that stock had been purchased by remaining shareholders by a January 9 deadline – under a right of first refusal contained in the Italian Civil Code. The offer price was EUR19.174 (US$22.6) per share.

The balance of the exit rights shares still in GTech’s hands might be offered for sale on the Mercato Telematico Azionario managed by Italy’s main stock exchange in Milan – the Borsa Italiana SpA – GTech added in its filing.

“In the event that, even after any such offer, any shares remain unsold, such shares will be purchased by GTech,” the company added.

GTech in July announced it was acquiring Nevada-based slot machine maker IGT for US$6.4 billion, comprised of US$4.7 billion in cash and stock, and the assumption of US$1.7 billion in net debt.


  • tweet
Related articles
  • IGT to focus on Advantage, licenses out Galaxis, System2Go
    IGT to focus on Advantage, licenses out...

    Dec 23, 2020  

  • IGT US$1bln sale in Italy aids valuation: Union Gaming
    IGT US$1bln sale in Italy aids...

    Dec 09, 2020  

More news
  • Macau Covid-19 case no bar to mainland travel ties says govt
    Macau Covid-19 case no bar to mainland...

    Jan 22, 2021  

  • Mohegan seeks govt nod to delay Inspire opening
    Mohegan seeks govt nod to delay Inspire...

    Jan 22, 2021  


Latest News

Macau Covid-19 case no bar to mainland travel ties says govt

Macau Covid-19 case no bar to mainland travel ties says govt

Jan 22, 2021  

A newly-confirmed Covid-19 case involving a Macau ID holder brought home on Thursday aboard one of two repatriating flights sanctioned but not chartered by the city’s government, will not put...
Read More
Mohegan seeks govt nod to delay Inspire opening

Mohegan seeks govt nod to delay Inspire opening

Jan 22, 2021  

Half Kangwon Land staff on mandatory leave until Jan 31

Half Kangwon Land staff on mandatory leave until Jan 31

Jan 22, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"The entire company is eagerly anticipating the launch of our newest themed destination – The Londoner Macao"

Wilfred Wong Ying Wai

President of Macau-based casino operator Sands China



Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino op MGM China to pay most staff discretionary bonusCasino op MGM China to pay most staff discretionary bonus January 18, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Investors see 2H Macau gain, rebound 2022: BernsteinInvestors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021
  • Wakayama casino RFP deadline affirms still 2 suitorsWakayama casino RFP deadline affirms still 2 suitors January 18, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us