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Tuesday, November 4, 2014

Shareholders in Italy's GTECH approve takeover of IGT, (NYSE: IGT)

Shareholders in GTECH on Tuesday approved the Italian lottery group's takeover of U.S. slot-machine maker International Game Technology, a tie-up aimed at creating a global gaming company to be listed on Wall Street.The new entity will have more than $6 billion in pro-forma revenues, GTECH said in July when it announced the $4.7 billion acquisition of the Las Vegas-based group.GTECH and IGT will be combined into a newly formed holding company named Georgia Worldwide plc headquartered in Britain.Shareholders representing in total 71.4 percent of the lottery company's capital attended a meeting in Rome on Tuesday.

International Game Technology (IGT) is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms: land-based, online real-money and social gaming. Shares of IGT fell by 0.55% or $-0.09/share to $16.28. In the past year, the shares have traded as low as $12.14 and as high as $19.61. On average, 3103910 shares of IGT exchange hands on a given day and today's volume is recorded at 20306.