Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of International Game Technology, Inc. (“IGT” or the “Company”) (NYSE: IGT) relating to the sale of the Company to GTECH S.p.A. (“GTECH”). On July 16, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which GTECH will acquire IGT in a merger valued at roughly $4.7 billion (exclusive of debt). As a result of the merger, IGT shareholders are only anticipated to receive $13.69 per share in cash and 0.1819 shares of NewCo (“NewCo”), a newly formed company incorporated in the United Kingdom, in exchange for each share of IGT. The total consideration IGT shareholders are expected to receive is approximately $18.25 per share. Our Firm’s investigation has uncovered that the consideration that IGT shareholders are expected to receive is insufficient. Analysts at Yahoo! Finance have set a $19.00 per share price target for IGT, which is approximately 4.1% more than what IGT shareholders are expected to receive. Additionally, IGT shareholders are expected to become significantly diluted owning only 20% of the surviving company. Moreover, the process leading up to the announcement of the merger appears to have some questionable conflicts of interest. As indicated by the Company, five members of IGT’s current existing board of directors are expected to continue their directorship role with NewCo and could have tainted the sales process. If you own shares of IGT and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/igt or contact Craig J. Springer, Esq. at email@example.com, or call toll free at 1-800-423-6013. Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.
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