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June 7, 2006

GTECH shareholders approve sale to Lottomatica

WEST GREENWICH -- GTECH shareholders this morning approved the company's sale to Lottomatica SpA for $4.8 billion.

The sale was approved by 67.31 percent of the shares outstanding, or 85.7 million shares.

W. Bruce Turner, president and chief executive officer, said, "This has been a very exciting time for our company, but somewhat bittersweet."

There were only a handful of shareholders at this morning's meeting, which lasted about 20 minutes. Most, if not all, votes were already cast before the meeting at the company's offices in West Greenwich.

The stock closed yesterday at $34.64, just off its 52-week high of $35 a share.

-- Journal staff writer Andrea Stape

Posted by Jack Perry  at 9:49 AM | Permalink

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