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TMCNet:  International Game Technology Board of Directors under Investigation by Glancy Binkow & Goldberg LLP

[July 17, 2014]

International Game Technology Board of Directors under Investigation by Glancy Binkow & Goldberg LLP

LOS ANGELES --(Business Wire)--

Glancy 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 to learn 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 shareholders@glancylaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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