Boston, MA 06/19/2014 (wallstreetpr) – International Game Technology (NYSE:IGT) is the probable acquisition target of GTECH. The two companies are said to be in talks of a future deal. GTECH is one of the most popular state lottery operators in Italy. It has plans to acquire International Game Technology. GTECH has every motive to think of the deal. IGT is the largest maker of slot machines and acquiring the company will assist the GTECH in expanding its operations in the same industry.
The preliminary talks
As of now, the two companies are said to be in preliminary talks of the probable deal. GTECH is having exploratory discussions with IGT on the potential acquisition. GTECH has made it clear that the talks are in the preliminary stages, and there is no surety of the talks turning into an agreement. The discussions will also include the acquisition mode and the combination of shares and cash to be used in the final deal.
The other bidders
GTECH is not the only company who is interested in acquiring International Game Technology (NYSE:IGT). The other companies in the bidding race are MacAndrews & Forbes Holdings Inc., Apollo Global Management LLC (NYSE:APO) and The Carlyle Group LP (NASDAQ:CG). IGT stock is having a good time after the news. Its stock price is flying on the probable acquisition news. The company is attracting the big companies as it is a dominant player in the manufacturing of slot machines.
The considerations
International Game Technology (NYSE:IGT) is open to the biddings. It will look for the best deal that can help it in fulfilling its strategic objectives. It has always opted for the business combinations and the changes in the portfolio of business to keep pace with the competitive world. It analyzes its capital structure on regular intervals. The aim is to reward its shareholders with the best returns. The stock has already had a good run but still offers promising returns in the future.
