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IGT are very close to owning Entraction

International Game Technology, IGT, an American game designer and manufacturer are extremely close to take full control of Entraction, a Stockholm-based platform and software provider after revealing that they now control 97.6% of the shares and 98.2% of the votes in Entraction.

It wasn’t long ago that IGT received approval from the anti-trust authorities in Malta to be able to offer Entraction’s shareholders $11.11 for each one of share. IGT also decided that it won’t accept extension past the 23rd of June cut off which was the original acceptance date.

Eagle Ice AB, IGT’s Swedish subsidiary will be able to own Entraction after IGT spent $112 million to be able to secure 364,000 A shares and 9,749,063 B shares with settlement expected to commence today.

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