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Malta approval clears way for IGT to acquire Entraction

7th June 2011 8:15 am GMT

International Game Technology (IGT) said Tuesday that it has received all necessary regulatory approvals to complete the acquisition of Swedish platform provider Entraction, following approval from the Maltese anti-trust authorities.

Last month IGT announced a cash offer to Entraction shareholders at a price of SEK67.56 per share, valuing the company at approximately SEK700m.

In its offer document to Entraction’s shareholders, IGT said that the acquisition would mark an important step in its strategy to enhance and grow [...]

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