Lottomatica SpA, the license holder for the Italian lottery, said Tuesday it will offer $35 a share in cash for U.S.-based online lottery operator Gtech Holdings Corp., valuing the company at around $4.8 billion.
The $35 per share bid represents a premium of 15 percent over the closing price of Gtech shares on Sept. 9, the last trading day before Gtech announced that its board of directors had decided to explore strategic alternatives for the company.
