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IGT Shareholder Okay GTech Acquisition

International Game Technology shareholders voted to approve of a merger between the company and fellow gaming developer GTech.

More than 99 of the shareholders voted in favor of the deal, representing 72% of the common stock of IGT. The deal will see a joint company formed out of GTech and IGT through Italian law, with GTech being the name that will remain.

With this stipulation out of the way, the IGT/GTech merger can move forward, but still faces approvals of gaming jurisdictions and a few other stipulations.

In related news, the IGT Board of Directors announced that there will be a cash dividend of $0.11 per share of its common stock. That stock will be paid out on March 20th, 2015.