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Stock Market & Financial Investment News

News Breaks
July 10, 2014
11:21 EDTMGAM, CG, SGMS, APO, BYI, IGTInternational Game Technology rises as GTECH reportedly prepares bid
Shares of International Game Technology (IGT) are higher this morning after a press report said the company will soon get an acquisition offer from GTECH. IGT is a global gaming company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms. WHAT'S NEW: Citing La Repubblica, Bloomberg reported that IGT is on the verge of receiving an offer from GTECH, an Italian lottery operator. The offer is said to be worth about $4B in cash and stock. WHAT'S NOTABLE: IGT hired Morgan Stanley to explore a sale of the company on June 9, Reuters reported, citing sources familiar with the matter. In addition to GTECH, the company has reportedly attracted interest from Apollo Global (APO), Carlyle Group (CG) and MacAndrews & Forbes. On June 16, GTECH confirmed exploratory talks with IGT and said it had engaged advisors to assist it in exploring a potential transaction with IGT. PRICE ACTION: International Game Technology is trading up 39c, or 2.6%, to $15.50 in late-morning trading, after being up nearly 6% earlier. OTHERS TO WATCH: Shares of peer IGT Bally Technologies (BYI) are down fractionally, while Scientific Games (SGMS) is down about 0.4% to $10.08. Shares of Multimedia Games (MGAM), which also designs and manufactures gaming machines, are down about 1.8% to $28.18.
News For IGT;APO;CG;BYI;SGMS;MGAM From The Last 14 Days
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May 20, 2015
10:00 EDTAPOOn The Fly: Analyst Upgrade Summary
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08:20 EDTAPOApollo Global upgraded to Equal Weight from Underweight at Morgan Stanley
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06:17 EDTAPOApollo Global upgraded to Overweight from Equal Weight at Morgan Stanley
May 19, 2015
08:38 EDTAPOApollo Global acquires Protection 1, ASG Security
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May 18, 2015
15:54 EDTAPOFidelity & Guaranty Life moving forward with sale process, dealReporter says
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May 13, 2015
07:10 EDTIGTInternational Game reports GTECH S.p.A. Q1 EPS (16c), revenue $807.69M
May 11, 2015
15:37 EDTAPOApollo in talks to acquire ASG, combine with Protection 1, Reuters says
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14:58 EDTAPOApollo Global in talks to buy ASG Securities, Reuters reports
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09:02 EDTCGComcast names Michael Cavanagh as CFO
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