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GTECH says British court clears merger with IGT

Reuters - UK Focus

MILAN, March 16 (Reuters) - Italian gaming company GTECH said on Monday the High Court of England and Wales had cleared its merger with International Game Technology (NYSE: IGT - news) in one of the last steps before the merger becomes effective on April 7.

The new company will have more than $6 billion in pro-forma revenues, GTECH said in mid-2014 when it announced the $4.7 billion acquisition of the Las Vegas-based group.

GTECH will merge into International Game Technology and the new entity will be headquartered in Britain.

(Reporting by Valentina Za)