TMCnet News
IGT Receives Recommendations from All Three Proxy Advisory Firms that Shareholders Vote "FOR" the Agreement and Plan of Merger with GTECHLAS VEGAS, Jan. 30, 2015 /PRNewswire/ -- International Game Technology (NYSE: IGT) today announced that all three independent proxy advisory firms – Institutional Shareholder Services Inc. (ISS), Glass Lewis and Egan-Jones – have recommended that IGT shareholders vote "FOR" the agreement and plan of merger with GTECH S.p.A at IGT's Special Shareholder Meeting scheduled for February 10, 2015. ISS stated in its January 28, 2015 report: "Support for the transaction is warranted given the meaningful premium, strategic rationale and positive market reaction*." In its January 27, 2015 report, Glass Lewis concluded: "we believe there is adequate cause for shareholder support*" for the transaction. The IGT Board of Directors unanimously recommends that shareholders vote "FOR" the proposed merger with GTECH and other matters to be considered at the February 10 Special Meeting. The adoption of the merger agreement by the affirmative vote of holders of a majority of the outstanding shares of IGT common stock is a condition to the completion of the merger. The failure to vote or an abstention has the same effect as a vote against the proposed combination. IGT shareholders as of the close of business on January 2, 2015, the record date for the special meeting, are entitled to notice of and to vote at the special meeting. Please take a moment to vote "FOR" the proposal to adopt the agreement and plan of merger with GTECH by signing, dating and returning the WHITE proxy card today. Shareholders who need assistance in voting or have questions about the Special Meeting should contact the Company's proxy solicitor, MacKenzie Partners, Inc., at [email protected], (212) 929-5500 or toll-free at (800) 322-2885. * Permission to use quotations from the ISS and Glass Lewis reports was neither sought nor obtained. Important Information for Investors and Securityholders Georgia Worldwide PLC, a newly formed holding company ("NewCo"), has filed with the SEC a registration statement on Form F-4 (File No. 333-199096), which was declared effective on January 2, 2015. The registration statement includes a proxy statement of IGT that also constitutes a prospectus of NewCo (the "proxy statement/prospectus"), which was mailed to IGT stockholders beginning on January 7, 2015. INVESTORS AND SECURITYHOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN THEIR ENTIRETY CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT IGT, GTECH, NEWCO, THE PROPOSED TRANSACTIONS AND RELATED MATTERS. Investors and securityholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by the parties through the website maintained by the SEC at www.sec.gov. In addition, investors and securityholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC on IGT's website at IGT.com within the "Investor Relations" section or by contacting Investor Relations at 866-296-4232 (for documents filed with the SEC by IGT) or on GTECH's website at gtech.com or by contacting Corporate Communications at 401-392-7452 (for documents filed with the SEC by NewCo). The release, publication or distribution of this communication in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this communication is released, published or distributed should inform themselves about and observe such restrictions. Participants in the Distribution IGT Resources:
About IGT: IGT Contacts: Kate Pearlman Cindy Klimstra +1 866-296-4232 Logo - http://photos.prnewswire.com/prnh/20131003/LA91408LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/igt-receives-recommendations-from-all-three-proxy-advisory-firms-that-shareholders-vote-for-the-agreement-and-plan-of-merger-with-gtech-300028360.html SOURCE IGT |