Italian lottery operator GTECH will purchase Las Vegas-based slot maker International Game Technology for $6.4 billion, the companies announced early Wednesday.
The cash and stock deal includes the assumption of $1.7 billion in net debt by GTECH. IGT and GTECH will combine under a newly-formed holding company, NewCo, based in the United Kingdom but with operating headquarters in Las Vegas, Providence, and Rome.
The transaction, the companies said, will create the world's leading gaming equipment manufacturer.
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