GTECH, which will become known as IGT has issued a press release announcing approval of their planned merger by the  High Court of England and Wales.

ROME (ITALY) and PROVIDENCE, RHODE ISLAND (US), 16 March 2015 – GTECH S.p.A. (“GTECH”) announced today that the High Court of England and Wales has issued the order approving completion of the cross-border merger of GTECH with and into International Game Technology PLC (the “Merger”).

The Merger will become effective at 12.01 a.m. [GMT] on 7 April 2015, subject to the satisfaction or waiver of the remaining conditions precedent set out in the merger agreement for the acquisition of International Game Technology dated 15 July 2014, as amended on 23 September 2014, and listed in the Merger documentation.

GTECH will make an announcement as to the satisfaction or waiver of such conditions precedent promptly and, in any event, by the time the Italian Stock Exchange opens on April 1, 2015.

In light of the anticipated effective date of the Merger, the General Shareholders’ Meeting to approve the GTECH Stand Alone Financial Statements as of December 31, 2014, which was expected to be held on April 16, 2015 as per the annual calendar of key corporate events, has not been called.

Leave a Reply

Your email address will not be published.