"IGT regularly considers, and on occasion explores, a broad range of strategic alternatives, including but not limited to business combinations, changes to our capital structure and adjustments to our portfolio of businesses, with the goal of maximizing shareholder value. The IGT Board of Directors and senior management are currently engaged in such an exploration, but no decisions have been made by the Board regarding any particular alternative available to the Company and there can be no assurances that any transaction or other strategic change will be entered into as a result of the current exploration of alternatives. IGT does not intend to discuss or disclose developments with respect to this general subject unless and until the Board has approved a definitive course of action."
LAS VEGAS, NV - IGT shareholders have approved a merger agreement with GTECH. This happened at a shareholders meeting February 10, 2015.
IGT says more than 99% of the votes represented and cast at the meeting, or approximately 72% of the total outstanding common stock eligible to vote as of the January 2, 2015 record date, were voted in favor of the approval of the Merger Agreement. Approval of the Merger Agreement by IGT's shareholders satisfies one of the conditions required to close the transactions contemplated by the Merger Agreement. The transactions are still subject to certain closing conditions, including, but not limited to, the receipt of required gaming approvals.
IGT’s Board of Directors has declared a cash dividend of $0.11 per share on its common stock. The dividend is payable on March 20, 2015 to shareholders of record on March 6, 2015.
ORIGINAL STORY FROM JUNE 2014:
NEW YORK (AP) - Italian lottery operator Gtech says that it is in preliminary talks with Las Vegas casino gaming company International Game Technology about a potential deal.
Gtech did not specify what type of deal it was seeking.
IGT confirmed in a statement that it was currently exploring strategic alternatives, but it says no decisions have been made yet.
It doesn't plan to talk about the possible deal until the board makes a decision.
Rome-based Gtech SPA manages lotteries in the U.S., Italy, Spain and South America. IGT makes slot machines for casinos.
Shares of IGT are down 16 cents, or 1 percent, to $15.70 in afternoon trading.