New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 19, 2012
08:31 EDTIGTInternational Game completes $400M accelerated stock buyback
Under the terms of the accelerated stock buyback agreement, Goldman, Sachs & Co. will have delivered 30.3M shares to IGT at an average price of $13.22 per share, representing over 10% of the total shares outstanding when the program commenced. The accelerated share repurchase program was completed under the Company's current $1B share repurchase program that was approved by the company's board in June. The company has $600M remaining on this authorization.
News For IGT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 23, 2014
16:11 EDTIGTInternational Game and GTECH amend merger agreement
International Game Technology and GTECH S.p.A. announced that they have amended their previously announced merger agreement dated July 15. IGT and GTECH entered into the amendment with the overall intent of improving the timing and certainty of completion of the transaction in the interests of both companies and their shareholders. The amendment relieves IGT of additional regulatory and disclosure requirements, which were expected to delay the completion of the transaction. The amendment also reflects a reduced number of required approvals from gaming regulators as a condition precedent to closing. 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. Upon completion of the merger, all IGT shareholders will receive the mixed consideration described in the merger agreement. As previously disclosed, this consists of a combination of $13.69 in cash plus a number of ordinary shares of a newly formed U.K. holding company equal to $4.56 divided by a calculation of the dollar value of GTECH shares prior to the transaction closing, subject to adjustments and limitations set forth in the merger agreement.
06:02 EDTIGTInternational Game partners with Ellen DeGeneres Show for new video slot machine
Subscribe for More Information

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