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Wednesday, October 1, 2014

GTECH to repurchase shares for up to 9.5 percent of capital, (NYSE: IGT)

Italian gaming group GTECH on Wednesday announced a plan to purchase back shares for up to 9.5 percent of its capital.In a statement the Italian lottery operator said its board had also approved its planned cross-border merger of GTECH into Georgia Worldwide plc.The merger is part of plans by GTECH to acquire U.S. slot machine maker International Game Technology, it said.Georgia Worldwide plc will become the parent holding company for the combined operations of the two groups when the acquisition is completed.

International Game Technology (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: land-based, online real-money and social gaming. Shares of IGT fell by 0.12% or $-0.02/share to $16.85. In the past year, the shares have traded as low as $12.14 and as high as $19.91. On average, 6013270 shares of IGT exchange hands on a given day and today's volume is recorded at 4217467.