Although we don’t find the actual announcement of the final acquisition of Boss Media by Lottomatica subsidiary GTech in their news archives, we do find them raising their offer in February 2008, and making an announcement in March of 2008 that “Lottomatica Subsidiary GTECH Corporation, and Medstroms AB Acquire Approximately 92 Percent of Boss Media AB”.
We then see on page 112 of the Lottomatica Group 2009 Financial Report that on Sept 8 the deal is completed by a Swedish private limited liability company controlled by GTECH Global Services Corporation (“GGSC”), GEMed, and on page 193 we see that “On April 1, 2010, Medströms exercised its put right and on April 12, 2010, GGSC paid Medstrom SEK 200 million
(€20.5 million at the transaction date) for the remaining 12.546% interest in GEMed. Making Boss Media 100% owned by GTECH Global Services Corporation.
Following is the GTech press release announcing the acquisition of 92 Percent of Boss Media AB. The remaining 8% was subsequently acquired as can be seen in the financial report referenced above. This post is being made for archival and historical purposes, and as such we will provide the Lottomatica/GTech original press release in it’s entirety. The press release can be found here: http://www.gtech.com/news/2008news/0303.asp
LOTTOMATICA SUBSIDIARY GTECH CORPORATION AND MEDSTROMS AB ACQUIRE APPROXIMATELY 92 PERCENT OF BOSS MEDIA AB
ROME (ITALY) – PROVIDENCE, RHODE ISLAND (US), March 03, 2008 – Lottomatica S.p.A.’s wholly-owned subsidiary, GTECH Corporation, and Medströms AB announced today that the public cash offer to the shareholders of Boss Media AB to acquire all outstanding shares of Boss Media at SEK25.00 (€2.66) has resulted in the Companies acquiring approximately 92 percent of the outstanding share capital and voting rights in Boss Media.
The offer period has expired and the Companies have declared the offer unconditional. Having surpassed certain ownership thresholds, Swedish law allows for GTECH and Medströms to request that the Board of Directors of Boss Media commence a process to compel the sale of the remaining minority interests.
Further detailed information may be obtained at www.gemed.se.
The Offer is not being made (nor will any tender of shares be accepted from or on behalf of holders) in any jurisdiction in which the making of the Offer or the acceptance of any tender of shares therein would not be made in compliance with the laws of such jurisdiction. The Offer is not being made, directly or indirectly, in or into Australia, Canada, Japan, South Africa, or the United States of America .
Lottomatica is one of the world’s largest commercial lottery operators and a market leader in the Italian gaming industry. GTECH is a leading gaming technology and services company, providing innovative technology, creative content, and superior service delivery. GTECH and Lottomatica together create a fully integrated lottery operator and gaming technology solutions provider – a combined company with worldwide scale, considerable financial strength, and industry-leading customer solutions. Lottomatica is majority owned by De Agostini, which belongs to a century-old publishing, media, and financial services group. Lottomatica is publicly traded on the Italian Stock Exchange (LTO), and in 2006, had approximately €1.7 billion in revenues and 5,900 employees in over 45 countries when combined with GTECH.
For further information:
AD HOC Communication Advisors 02/7606741
Mario Pellegatta – Matteo Cidda 335/1415585
This press release and the previous ones are available on the web site: www.adhoccommunication.it
Lottomatica web site: www.gruppolottomatica.it
GTECH contact: Robert K. Vincent Public Affairs 1-401-392-7452
GTECH web site: www.gtech.com