He said testing of the systems will continue into 2008 with some replacement demand driven by the technology likely by 2009. IGT’s shares fell $1.08, or 2.3 percent, to close at $46.10 on the New York Stock Exchange.
told Bloomberg News. According to the deal, GTECH will pay $18.25 in cash and stock for each IGT share, or a total of $4.7 billion. The total transaction value is about $6.4 billion, including GTECH’s assumption of about $1.75 billion in IGT …
... Game Technology (IGT) didn't have the luckiest day. Shares fell after the company, which makes casino games such as slot machines, said it is planning to cut 7% of its staff and lowered its earnings guidance for the year. The stock has …
The best-performing stock over those past 24 months was pharmaceutical services company AmerisourceBergen Corp. (ABC), which zoomed 365 percent in value. Second was the computerized casino products firm International Game …
The stock has climbed +48% over the past five days, though it is still well in the red year-to-date. Leon Cooperman holds 2.26 million ASPS shares. [drizzle] International Game Technology surged +13.01% in the wake of news that it will …
IGT has been working on a sale for more than two months and has attracted interest from other gaming companies and private equity firms, the people said. News of the sale process sent the company’s stock 14.4 percent higher to $14.31 …
RAPID CITY - International Game Technology, the parent company of Sodak Gaming in Rapid City, announced Monday that it will acquire competitor Anchor Gaming in a stock-for-stock transaction. The deal is worth $1.365 billion, based …
It gave no value for the potential bid. IGT decided to seek a buyer after its stock slid by almost a third because of weak demand in the gaming market. Three rival bidders plan to make formal offers alongside GTECH, according to people …