Bloomberg News

IGT Jumps on Report GTech Bids on Slot Machine Maker

June 13, 2014

International Game Technology (IGT:US), the world’s largest maker of slot machines, rose 11 percent after Reuters reported bidders include lottery operator GTech SpA (GTK) and billionaire Ron Perelman’s MacAndrews & Forbes Holdings Inc.

The shares advanced to $15.86 at the close in New York, the highest level since Jan. 23. The stock has declined 13 percent this year.

The Las Vegas-based company also attracted preliminary bids from Apollo Global Management LLC and Carlyle Group LP (CG:US), Reuters reported, citing people familiar with the matter. Binding bids are due in a few weeks, according to the report.

IGT jumped 14 percent on June 9, the most in five years, after Reuters reported the company hired Morgan Stanley to explore a sale.

GTech, based in Rome, fell 8 cents to 19.66 euros today in Italy.

To contact the reporter on this story: Anthony Palazzo in Los Angeles at

To contact the editors responsible for this story: Anthony Palazzo at Anne Reifenberg

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Companies Mentioned

  • IGT
    (International Game Technology)
    • $16.68 USD
    • -0.02
    • -0.14%
  • CG
    (Carlyle Group LP/The)
    • $33.08 USD
    • -0.15
    • -0.45%
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