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
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...
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.
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...
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
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
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
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
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
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