Dec. 19, 2012
/PRNewswire/ -- International Game Technology (NYSE: IGT) today announced that it has completed its
accelerated stock buyback which was announced on
June 14, 2012
Under the terms of the accelerated stock buyback agreement, Goldman, Sachs & Co. will have delivered 30.3 million shares (27.8 million in the fiscal 2012 and 2.5 million in the fiscal first quarter of 2013) to IGT at an average price of
per share, representing over 10% of the total shares outstanding when the program commenced.
"In total, including dividends and shares repurchased, we returned over
to our shareholders and significantly reduced our share count in the 2012 fiscal year," said
, CEO of IGT. "As also evidenced by our recent 17% increase in our quarterly dividend, we remain committed to consistently returning cash to shareholders and confident in the outlook for continued strong financial performance of the company."
The accelerated share repurchase program was completed under the Company's current
share repurchase program that was approved by the Company's Board of Directors in June of 2012. The company has
remaining on this authorization.
International Game Technology (NYSE: IGT) is a global leader in the design, development and manufacture of gaming machines and systems products, as well as online and mobile gaming solutions for regulated markets. More information about IGT is available at
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SOURCE International Game Technology