SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of International Game Technology In Connection With The Proposed ...
2014年7月23日 - 6:56AM
ビジネスワイヤ(英語)
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of International Game Technology
(“IGT” or the “Company”) (NYSE: IGT) relating to the proposed
buyout of the Company by GTECH S.p.A. (“GTECH”).
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.
If you currently own common stock of IGT and would like to learn
more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
International Game Techn... (NYSE:IGT)
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International Game Techn... (NYSE:IGT)
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