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International Game Tech IGT

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    1. Dropping Coverage of IGT

      Commentary

      Thu, 18 Dec 2014

      We are dropping coverage of IGT , as the company remains on-track to be acquired by GTECH in the first half of 2015. We provide broad coverage of more than

    2. GTECH to go ahead with IGT merger after exit rights exercised

      Headlines

      Tue, 2 Dec 2014

      MILAN, Dec 2 (Reuters) - GTECH will carry on with a planned merger with U.S. International Game Technology after dissenting shareholders representing less than 20 percent of the Italian game group's...

    3. GTECH says withdrawal right on IGT merger to be exercised by Nov 27

      Headlines

      Wed, 12 Nov 2014

      MILAN, Nov 12 (Reuters) - Shareholders of Italy's GTECH who did not vote in favour of a planned merger with U.S. International Game Technology will have time until Nov. 27 to exercise their right of withdrawal, the gaming group said on Wednesday.

    4. GTECH core profit up 15 pct in Q3

      Headlines

      Mon, 10 Nov 2014

      MILAN, Nov 10 (Reuters) - Italian gaming company GTECH , which plans to complete a $4.7 billion takeover of U.S. rival IGT by June next year, reported on Monday a 15.2 percent rise in its core profit...

    5. IGT Has Another Tough Quarter, but Is on Track to Be Acquired

      Commentary

      Wed, 30 Jul 2014

      remains on track to be acquired by peer GTECH in early 2015. IGT shareholders will receive a portion of the buyout proceeds as shares ..... estimate. If the deal is not completed, we still estimate that IGT is worth roughly $14 per share on a standalone basis, as the

    6. GTECH Makes Offer for International Game Technology ( IGT ); Raising Our Fair Value to $18.25

      Commentary

      Wed, 16 Jul 2014

      GTECH announced a proposal to acquire IGT for $18.25 per share, or $6.4 billion ..... assumption of $1.7 billion in net debt. IGT shareholders will receive $13.69 in cash ..... near the transaction date. The deal values IGT at 8.8 times 2013 adjusted EBITDA and

    7. IGT's Sales Decline Significantly in 2Q; Shares Fairly Valued and a Potential Value Trap

      Commentary

      Wed, 23 Apr 2014

      second quarter is a result of an erosion in IGT 's economic moat, but rather is due to weakness ..... equipment business and a lack of innovation by IGT relative to competitors the past several years. While IGT trades at what appears to be an attractive

    8. IGT Under Review Following Reduced Guidance; Fair Value Estimate Will Decrease

      Commentary

      Wed, 26 Mar 2014

      its reduced outlook. We previously viewed growth prospects for IGT 's core gaming machine operations as limited, given the saturation ..... have a negative bias toward our stable moat trend rating. While IGT trades at a 15% discount to our expected new fair value estimate

    9. IGT Reports Weak 1Q Results; Shares Moderately Undervalued

      Commentary

      Fri, 24 Jan 2014

      equipment business, due to maturation of the North American gaming equipment market. Revenue increased 2% to $541 million, with IGT 's core gaming operations and product sales segment revenue, in aggregate, declining 2%. EBITDA declined 12% to $120 million

    10. From Barron’s, December 9, 2013 (Part 2)

      Commentary

      Sat, 7 Dec 2013

      the emerging-markets but his fund’s exposure there is small. Some companies are benefitting from technological changes [ IGT , TTWO ], including boosting online operations [ M, BBY ]. He has value orientation but he has picked up Macau gaming highflyers

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