|[July 17, 2014]
International Game Technology Board of Directors under Investigation by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP is investigating potential claims against
the Board of Directors of International Game Technology (News - Alert) ("IGT" or the
"Company") (NYSE:IGT) related to the proposed merger of the Company with
GTECH S.p.A. The transaction is valued at approximately $6.4 billion,
and under the terms of the agreement, IGT shareholders are to receive
$13.69 in cash plus 0.1819 shares of the combined holding company.
This investigation concerns whether the Board of Directors of IGT
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction. Further, at least one analyst has
set a target price for the Company's stock at $19 per share.
If you are a shareholder of IGT, if you have information or would like
more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park
East, Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at (310) 201-9150
or Toll Free at (888) 773-9224 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
[ Back To Technology News's Homepage ]