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Stock Market & Financial Investment News

News Breaks
July 10, 2014
11:21 EDTBYI, IGT, MGAM, CG, SGMS, APOInternational 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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August 4, 2015
17:07 EDTAPOOM Group reaffirmed recommendation that holders vote in favor of merger
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10:19 EDTSGMSOptions with decreasing implied volatility
Options with decreasing implied volatility: SGYP SGMS LOCK YELP VDSI CTRP TWTR LNKD SSYS NCR
08:33 EDTCGCarlyle Group 544K share Block Trade priced at $25.85
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07:09 EDTSGMSCredit Suisse to hold a conference
4th Annual Gaming, Lodging, Leisure & Restaurants Conference is being held in New York on August 4-6.
06:33 EDTCGOnly 5% of 2015 M&A deals through August 3 were private-equity backed, WSJ says
Only 5% of the $2.6T in M&A deals announced this year as of August 3 were backed by private equity firms, the Wall Street Journal reports. Private-equity firms such as Blackstone (BX), KKR (KKR), and Carlyle Group (CG) were a part of multi-billion dollar acquisitions, but often in teams, the report says. At the peak of their market share, private-equity deals made up 19% of all announced transactions in 2006 in terms of value, the report says. Reference Link
August 3, 2015
16:11 EDTSGMSScientific Games raises first-year Bally savings target to $200M from $188M
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16:10 EDTSGMSScientific Games reports Q2 EPS ($1.19), consensus (98c)
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08:39 EDTAPOApollo Global management to meet with Evercore ISI
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July 31, 2015
13:23 EDTCGFounders of Carlyle's Vermilion leave company after losses, Bloomberg reports
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09:32 EDTSGMSScientific Games signs one-year extension with Massachusetts for instant games
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July 30, 2015
07:28 EDTIGTInternational Game to provide ticket printing services to Croatian Lottery
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July 29, 2015
07:14 EDTAPOApollo Global reports Q2 ENI 38c, consensus 35c
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06:43 EDTCGCarlyle Group reports Q2 adjusted ENI 55c, consensus 54c
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06:35 EDTAPOTreeHouse, Post join bidding war for ConAgra's Ralcorp, Reuters reports
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July 28, 2015
09:09 EDTSGMSScientific Games appoints David Smail as Chief Legal Officer
Scientific Games announced the appointment of David W. Smail as Executive Vice President and Chief Legal Officer, effective August 3. Most recently, Smail was Executive Vice President and General Counsel of Morgans Hotel Group Co., where he served as chief legal officer of the hospitality company from 2006 to 2014. Previously, he was Executive Vice President and Group General Counsel at Havas S.A., a French-based global advertising and communications services company following a progressive legal career at the international law firm Hogan Lovells in their Paris and Washington, D.C. offices, most recently as Partner in their Washington, D.C. office.
July 26, 2015
20:47 EDTCGZegona nears EUR650M deal for Telecable, Sky News says
Zegona is nearing a deal to buy Carlyle Group's Telecable for about EUR650M, Sky News reported Saturday, citing sources. A deal could be announced as soon as Monday, said the sources. Reference Link
July 24, 2015
15:17 EDTAPOCapital One, Apollo Global weigh final bids for GE unit, Bloomberg says
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