July 16 Italy's GTECH SpA will buy
International Game Technology in a cash-and-stock deal
valued at $6.4 billion, including net debt, the companies said
GTECH will pay $4.7 billion in cash and stock and the
assumption of $1.7 billion in net debt, the companies said in a
IGT and GTECH will combine under a newly formed holding
company based in the United Kingdom. The new company will apply
for listing solely on the New York Stock Exchange.
IGT shareholders will receive a total of $18.25 per share in
a combination of $13.69 in cash and 0.1819 ordinary share of the
new company for each share held.
(Reporting by Supriya Kurane in Bangalore; Editing by Gopakumar