Independent proxy advisory firms said to back IGT buyout

2 February 2015

LAS VEGAS -- Slot machine maker IGT - International Game Technology said three independent proxy advisory firms voiced their support for the company's $6.4 billion buyout by Italy-based lottery giant GTECH S.p.A. Holdings.

Institutional Shareholder Services Inc., Glass Lewis and Egan-Jones all recommended IGT shareholder support the merger agreement at the Feb. 10 special meeting.

Under terms of the agreement, IGT and GTECH will combine under a newly formed holding company organized in the United Kingdom. GTECH will pay $4.7 billion in cash and stock and will assume $1.7 billion of IGT's debt.

IGT shareholders will receive $18.25 per share, which includes cash and shares in the new company. GTECH shareholders will exchange each of their existing GTECH shares for one share in the new company.

In addition to shareholder support, the transaction requires regulatory approval, including the sign-off of the Nevada State Gaming Control Board and Nevada State Gaming Commission.

Related Links
Nevada State Gaming Control Board
Nevada State Gaming Commission
IGT
IGT - International Game Technology


Copyright GamingWire. All rights reserved.
Featured Vendors
REDW Business & Financial Resources, LLC
Casino City Press
REDW Business & Financial Resources, LLC
Improve Your Odds of Success: Trust in REDW’s Tribal Casino Operations & Audit Experts!
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Betson Imperial Parts & Service
Regulatory Management Counselors, PC
Betson Imperial Parts & Service
Your one stop shop for all your gaming and OEM needs!
Regulatory Management Counselors, PC
Over 45 years of experience serving the legal and regulatory needs of casino industry clients
Prezzee
Sunkist Graphics, Inc.
Prezzee
Prezzee provides digital gift cards from top brands to reward loyal guests and employees.
Sunkist Graphics, Inc.
Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more
Oklahoma Indian Gaming Association (OIGA) Conference
Texas Slots & Gaming
Oklahoma Indian Gaming Association (OIGA) Conference
The biggest little show in Indian gaming! Save the date: July 14-16, 2025 Tulsa, Oklahoma
Texas Slots & Gaming
Wholesale gaming reimagined. Texas Slots & Gaming is your sustainable gaming partner.
Shenzhen ZhengYuanTai Technology Co., Ltd.
TribalHub
Shenzhen ZhengYuanTai Technology Co., Ltd.
14 years experienced gaming display manufacturer: open frame, curved, and halo monitors
TribalHub
26th Annual TribalNet Conference Sept 15-18, 2025 at Grand Sierra Resort and Casino in Reno, Nevada
Casino Network
Slot Machines Unlimited
Casino Network
20+ years experience selling refurbished slot machines, parts & glass for all major brands
Slot Machines Unlimited
Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience
Casino Schedule Ease
Imagine This
Casino Schedule Ease
Full Featured & customizable for the complex scheduling needs of table games & other casino depts
Imagine This
Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!
Rymax Marketing Services, Inc.
Players Pal
Rymax Marketing Services, Inc.
Leader in creating award winning player & employee loyalty programs & events proven to increase ROI
Players Pal
Revolutionize the way you connect with your casino players with the Players Pal mobile app


Your Guide to 14,932 Gaming Industry Suppliers