Italian lottery operator Gtech and Las Vegas-based International Game Technology say they've cleared one regulatory hurdle in a multi-billion-dollar buyout. IGT announced Monday the deal received early termination of a required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction is subject to additional conditions, including foreign antitrust clearances, regulatory and shareholder approval.
The firms announced last month that Gtech would buy IGT in a deal valued at $6.4 billion. Gtech would pay $4.7 billion in cash and stock, including $1.7 billion in debt.
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