gtech says the deal will be transformational for the business. shares in gtech are trading higher.laudia is in malan. take us through the details of the deal. yes. investors seem to appreciate this deal that is going to help gtech broaden its production aspect as well as its customer base. what this xheens is a 4.7 billion euro deal and this means that they're going to be holding 80% of the newly merged group that is listed on the new york stock exchange. the new group will have 6 billion euros in revenues, 2 billion in ebitda. it is expected the stock is under revision in terms of the target price, that they are going to benefit up to 200 million euros in synergies are going to be coming out in the deal. the italian operator will it leader in italy and europe is going to broaden its bases. we were saying in the social gaining, this group produces a slot. . the slot machines are down, so for that group for igt, this has been a weak couple of years. but the domestic market for gtech is weak, as well. so this is expected again. this is a deal that seems to be appreciated by the marke

gtech is out there.have made an offer for international game technology's and they are paying an 18% premium for the honor. $18.25. keep an eye on that. the spirit of cento up 6% -- santo up five point 79%. the ceo is -- 5.79%. that could come from a number of key shareholders. that is giving a little bit of a boost. back to you. >> thanks very much, manus. here are the big headlines. janet yellen told lawmakers the central bank must press on with record monetary stimulus. >> although the economy continues to improve, the recovery is not yet complete. even with the recent declines, the unemployment rate remains above the federal open market estimate participants' of its longer run normal level. >> day to with janet yellen today. that will be keenly watched. israel renewed air raids on the gaza strip after a palestinian rocket attack left an egyptian truce proposal in tatters. the israelis had accepted but hamas said it was not consulted on the plan. within six hours, 50 rockets had been fired from gaza i

wi-fi and for gtech knowledge he will be available. asked customers to leave their guns. a gun-control campaign sparked by guns rights activists inside target stores. retailers down at amazon saying they are prepared to go to court. it has not done enough to stop children from racking up on authorized path charges on tablets. that is today's independent speed read. liz: and then i have to go to the children. this year's fourth of july will be a very wet one. potentially dangerous for some areas of north carolina. a mandatory evacuation of a barrier island. liz: jonathan has more on this storm. jonathan, it is always the son over your head. where do we stand right now. some clouds are starting to move in. it has been a sunny day. some of the other surrounding each side communities here on north carolina's outer banks. nevertheless, local and state officials are warning people of some of the hidden dangers. >> most injuries occur. we want to make sure people do not go into the ocean. a mandatory evacuation. that is just to the south of u