International Game Technology’s recommended cash offer for Entraction Holding AB: Offer document made public
This press release may not be distributed, directly or indirectly, into or in Australia, Japan, Canada, South Africa or New Zealand. The Offer is not being made to (and acceptances will not be accepted from) persons in those countries or elsewhere where their participation requires further documentation, filings or other measures in addition to those required by Swedish law.
On 5 May 2011, International Game Technology (NYSE: IGT) (“IGT”) – a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated gaming markets – announced, through its wholly-owned Swedish subsidiary Goldcup 6663 AB, under proposed name change to Eagle One AB (‘’Eagle One’’), a recommended cash offer to the shareholders in Entraction Holding AB (“Entraction” or the “Company”) to acquire all A shares and B shares in Entraction.
Offer document
The offer document has been made public today and is available on the transaction website http://info.igt.com and on SEB Enskilda’s website www.seb.se/prospekt, where also the shareholder acceptance form is provided. The offer document and a pre-printed acceptance form will be delivered to all directly registered shareholders of Entraction[1]. Shareholders whose holdings are registered under a nominee can receive the offer document and acceptance form through their nominee. The offer document and the acceptance form may also be requested free of charge by telephone +46 8 639 2750.
Acceptance period and settlement day
The acceptance period of the Offer is scheduled to run from 13 May 2011 to 7 June 2011. Acceptance forms must be received by no later than 17.00 CET on 7 June 2011. The expected date for the settlement is 15 June 2011.
For more information, please contact:
Matt Moyer
Vice President Investor Relations
Email: matt.moyer@igt.com
Phone: +1 866 296 4232
Information about the offer
http://info.igt.com
About Eagle One and IGT
Eagle One is a Swedish limited liability company, wholly-owned by IGT. Eagle One’s company registration number is 556850-8856 and its registered office is in the municipality of Stockholm. Eagle One has never conducted any business and at present does not conduct any business and its sole purpose is to make the Offer and take all actions to finance and complete the Offer and subsequently operate as parent company of Entraction.
IGT (NYSE: IGT) is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets.
IGT is currently regulated in over 350 jurisdictions and has approximately 4,900 employees. In Fiscal Year 2010, IGT reported revenues of USD 1,987 million and operating profit of USD 433 million. IGT is listed on the New York Stock Exchange (NYSE).
More information about IGT is available at www.IGT.com or follow IGT on Twitter at @IGTNews or Facebook at http://www.facebook.com/IGT.
Forward-looking statements
This press release contains forward-looking statements that involve risks and uncertainties concerning the proposed Offer. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, among others, the possibility that the Offer might not close or that the closing may be delayed, IGT’s integration of Entraction, its products, technologies and employees may experience difficulties, and the anticipated benefits of the Offer to IGT and its customers might not be realized. More information about potential factors that could affect IGT’s business and financial results is included in IGT’s filings with the U.S. Securities and Exchange Commission, including under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in IGT’s Annual Report on Form 10-K for its 2010 fiscal year and its Quarterly Report on Form 10-Q for its fiscal quarter ended March 31, 2011, and available on the SEC website at www.sec.gov and on the investor relations section of IGT’s website at www.IGT.com. All information provided in this release is as of May 12, 2011, and IGT does not intend, and undertakes no duty, to update this information.
[1] The offer document and acceptance form will not be delivered to shareholders whose addresses are in the excluded countries