Shareholders approve $1.4 billion merger
Wednesday, Dec. 19, 2001 | 10:08 a.m.
International Game Technology and Anchor Gaming shareholders separately voted in favor of IGT's takeover of Anchor on Tuesday, potentially putting the $1.4 billion deal within days of completion.
More than 98 percent of shareholders at both companies voted in favor of the deal, the companies said in a joint statement.
With shareholders' approval received, the merger will be considered by the state Gaming Control Board and Nevada Gaming Commission Thursday in Carson City.
Under their merger agreement, the two companies have until the end of January to complete the deal. But if approval from the state is received Thursday, "we could close it on Friday," Anchor spokesman Howard Stutz said.
The Federal Trade Commission terminated the deal's waiting period last week, ending the possibility that the merger would be blocked on anti-trust grounds.
IGT plans to acquire Las Vegas-based Anchor in a one-for-one stock transaction, and assume $430 million in debt.
archive
- Most Read
- Discussed
- Most E-mailed
- Palin craze puzzling, given ’08 disaster
- The ins and outs of CityCenter traffic
- Vdara hotel marks opening of CityCenter
- Henderson postpones vote on massage parlor law
- MGM Mirage begins lifting veil on CityCenter today
- Despite few points, inspiration keeps ‘Chop’ high on plus-minus list
- Greenspun reorganizes local media operation, cuts staff
- Harry Reid on mortgages: ‘Bank of America must do more’
- Search committee to narrow UNLV athletic director list
- UNLV’s poise to be tested in first road game of season
Blogs
Politics: Ralston's Flash
Brian Sandoval is still against taxes, for limiting government and empowering people (5 Comments)
Elsewhere
TCU extends Gary Patterson through 2016
The Kats Report
Dissimilar landmarks -- Binion's and CityCenter -- reflect today's Las Vegas (7 Comments)
High School Sports Scene
Prep Football: State Championship (4 Comments)
Elsewhere
UFC debut in Boston likely July or August (1 Comment)
The Kats Report
Planet Hollywood's Thomas McCartney headed for Tropicana (17 Comments)
Elsewhere
LV woman robs Kentucky strip club, police say (6 Comments)
Calendar »
- 2 Wed
- 3 Thu
- 4 Fri
- 5 Sat
- 6 Sun
-
Nic Faniciulli at Godskitchen
Body English | 10:30 p.m. to 11:59 p.m.
-
Mischieve Wednesdays at T&T
Tacos and Tequila
-
Ben Sherman gift bag giveaways at Wasted Space
Wasted Space | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
Technorati






