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NEW YORK (TheStreet) -- International Game Technology (IGT) shares are up 13.97% to $20.15 in trading on Tuesday after the global casino style gaming company's merger with parent company GTECH S.p.A. became official today. The combined …
The Street · 4/7/2015
1.09% today announced that it has entered into a definitive merger agreement with GTECH S.p.A. for the acquisition of IGT by GTECH for $6.4 billion, comprised of $4.7 billion in cash and stock and the assumption of $1.7 billion in net debt. The transaction ...
Market Watch · 7/16/2014
The Reuters coverage was first published Monday, setting off the stock surge, according to Bloomberg. A call Tuesday by the Reno Gazette-Journal to Phil O’Shaughnessy, IGT’s director of global corporate communications in Las Vegas, elicited a short ...
Reno Gazette-Journal · 6/12/2014
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While the aggregate amount of stock and cash to be paid to IGT shareholders has remained unchanged, the amendment eliminates the mechanism for IGT shareholders to elect all-stock, all-cash consideration, or a mixed election, subject to proration.
Yahoo Finance · 9/23/2014
On June 14 th, International Game Technology (IGT), the world’s largest manufacturer of slot machines, announced a $1 billion share repurchase program, including a $400 million “accelerated” buyback. With IGT stock trading near a three-year low, the ...
CalvinAyre.com · 7/16/2012
In July 2014, GTECH SpA entered into a definitive merger agreement to purchase IGT for $4.7 billion in cash and stock. IGT’s shareholders were expected to receive an aggregate value of $18.25 per IGT share, or $13.69 in cash plus 0.1819 ordinary ...
Market Realist · 12/18/2014
Driven by sales of higher-priced "cashless" slot machines to casinos, International Game Technology beat Wall Street expectations as it today reported earnings rose 77 percent in its fiscal first quarter. But investors pushed down the price of IGT shares ...
Las Vegas Sun · 1/22/2003
Law360, New York (December 17, 2014, 5:37 PM ET) -- The Ninth Circuit on Wednesday declined to revive a derivative suit accusing International Game Technology's board of causing an 84 percent stock drop by lying about the company’s health, finding …
Law 360 · 12/17/2014
... ordinary shares of NewCo - the newly formed U.K. holding company for the combined organization - for each share of IGT common stock. GTECH shareholders will receive one ordinary share of NewCo for each share of GTECH. The merger is expected to …
NASDAQ · 4/2/2015
Video game stocks witnessed a mixed trend over the past week. One of the major events that made headlines was the return of Zynga, Inc.’s (ZNGA - Snapshot Report) founder Mark Pincus as its new CEO. Further, closure of the …
ZACKS · 4/10/2015