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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. 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% of the capital and 80.3% 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.
Source: InfoPowa News