GTECH Shareholders Approve Merger

GTECH Holdings Corporation (NYSE: GTK) announced that its shareholders have voted to approve the previously-announced merger agreement providing for the acquisition of GTECH by Lottomatica S.p.A., at a special meeting of shareholders held at GTECH's corporate headquarters today. Subject to the satisfaction or waiver of the remaining conditions set forth in the merger agreement, the proposed merger is expected to be completed in mid-2006.

If the proposed merger is completed, GTECH will become an indirect, wholly-owned subsidiary of Lottomatica and each outstanding share of GTECH common stock will be converted into the right to receive $35.00 in cash, without interest.

"We are pleased with the outcome of today's vote and appreciate the support of our shareholders," said GTECH President and CEO W. Bruce Turner. "We believe that this transaction will position us well for continued growth in the global gaming markets. Upon completion of the transaction, we look forward to working with Lottomatica to continue to meet the needs of our worldwide customers."

2006-06-07