ENTRACTION TO DELIST

24th June, 2011 :: 15:46:36

Source: Casinos Online

Following its acquisition by IGT subsidiary Eagle Ice AB, Swedish company is to leave NASDAQ

The NASDAQ listed online gambling company Entraction Holding AB is to apply for delisting from the exchange following its acquisition earlier this month by IGT subsidiary Eagle Ice AB (see previous reports).

The board of of directors of Entraction resolved Friday to apply for delisting of the company's shares listed on NASDAQ OMX First North Premier exchange.

Following completion of IGT's public offer to the shareholders of Entraction, IGT - through Eagle Ice AB - controls approximately 93.2 percent of the capital & 80.3 percent of the votes in Entraction.

IGT has also announced its intention to request a squeeze-out of the Entraction shares that it does not presently hold.

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