BALA CYNWYD, Pa., July 18, 2014 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of International
Game Technology ("IGT" or the "Company") (NYSE: IGT) relating to
the proposed acquisition by Gtech.
Click here to learn more about the investigation
http://brodsky-smith.com/793-igt-international-game-technology.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, IGT shareholders will
receive only 0.1819 of a share of the post-merger entity common
stock and $13.69 in cash for each
share of IGT stock they own. The transaction values IGT stock at
only approximately $18.25 per share.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of IGT for
not acting in the Company's shareholders' best interests in
connection with the sale process. The transaction may undervalue
IGT and will result in a loss for many long term holders of IGT
stock. For example, IGT stock traded at $21.01 per share on September 20, 2013 and traded at $19.61 on November 6,
2013.
If you own shares of IGT common stock and wish to discuss the
legal ramifications of the investigation, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L.
Brodsky, Esquire or Evan J. Smith,
Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by
e-mail at investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/793-igt-international-game-technology.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC