Last month, we talked about how GTECH had approached IGT with the intention of acquiring their company. They announced that they would be hiring advisors to help broker the deal, which is rumoured to be worth around $4 Billion. IGT simply stated that they are always interested in improving their value of their shares for their shareholders.
It has since been reported that the following companies are also interested in acquiring the company; Carlyle Group LP, Apollo Global Management LLC and MacAndrews & Forbes Holdings. The stock market currently shows IGT’s company to worth around $3.9 Billion; however, it is rumored that buy out bids have reached as much as $6 Billion.
We will keep you updated with any developments.