GTECH S.p.A. (“GTECH” or the “Company”) announced that the period during which GTECH shareholders could exercise statutory cash exit rights with respect to the pending cross-border merger of GTECH with and into Georgia Worldwide PLC ended on November 27, 2014.
Based on the communications received from the custodians, GTECH believes that cash exit rights have been exercised for less than 20% of the Company shares outstanding as of July 15, 2014, when the agreement for the acquisition of International Game Technology (NYSE: IGT) (the “Merger Agreement”) was executed.
GTECH is completing the matching of received cash exit right notifications with the relevant communications from custodians and currently expects to announce the final results by December 12, 2014.
Pursuant to the Merger Agreement, GTECH would have been permitted to terminate the Merger Agreement if cash exit rights had been exercised by shareholders representing 20% or more of GTECH’s 173.779.311 outstanding shares as of the date of the Merger Agreement.
