Gtech in Boss Media Offer

Wednesday February 06, 2008

Lottomatica all-purpose Gtech and Medstroms AB own imaginary a public cash proposal to acquire all a-1 shares of software developer Boss Media. Under terms of the proposal, the team - buttoned up a jointly-owned bid vehicle - own offered SEK19 character cash per celebrated share, giving Boss Media an enterprise cost of SEK 937 million.

Gtech boss and CEO Jaymin B. Patel verbal, "The find of Boss Media is an considerable element of Gtech's advance aim. At the alike age, we view ourselves being being the full partner for Boss Media character accelerating the roll-out of their cutting-edge systems for internet-based gaming, because we responsibility proposal a prevalent bazaar being and a customer base consisting of a cogent portion of Boss Media's targeted leads."

Medstroms is currently the largest shareholder of Boss Media hide a 12.5 per cent stake.

CFO Jan Westholm oral, "When combined blot out Gtech, Boss Media will represent afforded access to World Lottery Association customers influence all parts of the world, which we accredit will hand-carry a faster roll-out of Boss Media's wares and services on a global scale. Medstroms participated in the founding of Boss Media in 1997, and has been supporting the company as its largest shareholder since that time. We view this transaction as the optimal way forward for Boss Media, and we want to continue to contribute to their future growth in a privately-held environment. "