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IGT gets serious about online gaming with €78m Entraction bid

5th May 2011 7:37 am GMT

US gaming supplier International Game Technology (IGT) has put in an SEK700m (€77.7m) bid for Swedish online gaming platform provider Entraction.

The IGT bid equates to a price of SEK67.56 per Entraction share, representing a premium of 33.8 per cent on yesterday’s closing price and a premium of 57.7 per cent on the shares’ volume weighted price on NASDAQ OMX over the past three months.

Entraction’s board of directors have unanimously recommended that shareholders accept the offer.

The [...]

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