New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
May 5, 2015
09:17 EDTCGCarlyle Group 650K share Block Trade priced at $31.25
Subscribe for More Information
08:18 EDTSGMSPenn National to deploy Scientific Games SG Universe product suite
Scientific Games (SGMS) and Penn National Gaming (PENN) announced an agreement whereby Penn National will deploy the Scientific Games SG Universe product suite at four Penn National properties. The agreement marks Penn National's entry into social gaming while significantly expanding player access to Scientific Games' Play4Fun social casino platform and its Mobile Concierge next-generation marketing capabilities.
May 3, 2015
20:04 EDTCGTesco rejects offer by Carlyle Group for South Korean assets, Sunday Times says
Subscribe for More Information
April 29, 2015
06:48 EDTCGCarlyle Group reports Q1 net income 54c, consensus 70c
Subscribe for More Information
06:46 EDTCGCarlyle Group continues to see accelerating level of investor interest
Subscribe for More Information
April 28, 2015
06:30 EDTCGCarlyle Group buys stake in Brazilian hospital chain, Reuters says
Subscribe for More Information
05:56 EDTSGMSScientific Games to provide end-to-end systems for Baha Mar Casino & Hotel
Subscribe for More Information
April 27, 2015
19:00 EDTIGT, SGMSScientific Games says receives license termination notice from IGT
In a regulatory filing, Scientific Games (SGMS) reports that on April 21, it received notification from International Game Technology (IGT) purporting to terminate the license agreement between the two companies as a result of Scientific Games' alleged breach of licensing terms. The company notes that on June 13, 2014, it entered into a license agreement with IGT for its “ticket-in-ticket-out” cashless gaming technology. Prior to its acquisition by Scientific Games, Bally Technologies had also entered into a license agreement with IGT for the same technology. IGT believes that Scientific Games is in breach of its license agreement due to its use of license tags belonging to Bally instead of license tags issued to Scientific Games itself.
April 21, 2015
09:02 EDTAPOBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use