NEW YORK, July 17, 2014 /PRNewswire/ -- The Law Office of
James C. Kelly is investigating
claims on behalf of investors of International Game Technology
("IGT" or the "Company") (NYSE: IGT), concerning the proposed
acquisition of IGT by GTECH S.p.A. ("GTECH"). Shareholders of IGT
seeking more information about this acquisition are advised to
contact James C. Kelly at
888.643.7517 or jkelly@jckellylaw.com.
On July 16, 2014, IGT announced
the signing of a definitive agreement pursuant to which GTECH will
acquire IGT in a merger valued at approximately $6.4 billion.
Under the terms of the transaction, IGT and GTECH will combine
under a newly formed holding company organized in the United Kingdom ("NewCo"). IGT shareholders
will receive an aggregate value of $18.25 per IGT share in a combination of
$13.69 in cash plus 0.1819 ordinary
shares of NewCo for each share of IGT common stock they own.
According to Yahoo! Finance, at least one analyst has issued a
price target for IGT stock at $19.00
per share.
The firm's investigation seeks to determine, among other things,
whether the Company's Board of Directors breached their fiduciary
duties by failing to maximize shareholder value before agreeing to
enter into the transaction, and whether GTECH is underpaying for
IGT shares.
The Law Office of James C. Kelly
has extensive experience representing shareholders in mergers and
acquisition actions. Visit our website for additional information
at http://www.jckellylaw.com
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
The Law Office of James C.
Kelly
244 5th Avenue, Suite K-278
New York, New York 10001
Tel: 212-920-5042
Toll Free Tel: 888-643-7517
Toll Free Fax: 888-224-2078
Email: jkelly@jckellylaw.com
SOURCE The Law Office of James C.
Kelly