Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, December 2, 2014

GTECH to go ahead with IGT merger after exit rights exercised, (NYSE: IGT)

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 capital exercised their right to sell their shares back to GTECH. GTECH said in a statement on Tuesday it would publish final details on the exercise of the so-called exit rights on Dec. 12.

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 traded higher by 0.59% or $0.1/share to $17.13. In the past year, the shares have traded as low as $12.14 and as high as $18.59. On average, 2701080 shares of IGT exchange hands on a given day and today's volume is recorded at 2042462.