We think this is a very smart move by IGT, as they are selling their worst performing business for 10.5x EBITDA while IGT’s stock is trading at only 7.5x EBITDA, and using that cash to de-lever the balance sheet; a highly accretive …
Overall, IGT could be an intriguing bounce-back stock, but only if management executes on its cost-control program. Nevertheless, buying shares when the price-to-book value has been 1 or lower has ended up paying off in the past, and …
What a day Tuesday for International Game Technology. It began with the official completion of the $6.4 billion merger/acquisition by Italy-based GTECH, first announced last summer and which retains the iconic IGT name dating …
International Game Technology Ordinary Shares (NYSE:IGT) scored a very favorable deal with ... most successful …
... “entered into a definitive merger agreement with GTECH for the acquisition of IGT by GTECH for $6.4 billion.” The deal is comprised of $4.7 billion in cash and stock and the assumption of $1.7 billion in net debt. IGT is a leading business-to ...
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A bit much, no? — Paul R. La Monica (@LaMonicaBuzz) June 14, 2012 IGT's trading at a little bit of a premium to rival WMS Industries (WMS) and a discount to Bally Technologies (BYI). So it's not overvalued. But the stock had been …
The new company will be listed on the New York Stock Exchange under the symbol “IGT” and will be 49 percent owned by public shareholders and 51 percent by the De Agostini Group, based in Rome. The company has about 8,500 …