Ader Investment Management Comments On Scientific Games-WMS Transaction
With Respect to AIM's Proxy Contest with IGT
NEW YORK, Jan. 31, 2013
NEW YORK, Jan. 31, 2013 /PRNewswire/ --Today's announcement by Scientific
Games affirms Ader Investment Management's belief that IGT should re-focus on
its casino gaming business, which is the core of The Ader Group's reason for
filing a proxy to elect a slate of three independent candidates to IGT's Board
Jason N. Ader, AIM's Chief Executive Officer said, "We believe that today's
announcement that Scientific Games Corp. agreed to buy WMS Industries Inc.
demonstrates the value that smart strategic investors place on the core casino
gaming equipment business. Lorne Weil and Scientific Games have always been
disciplined acquirers of assets and we believe that this acquisition reaffirms
AIM's thesis that the slot machine industry is alive and poised for growth."
The Ader Group (whose members are identified below) has nominated Raymond J.
Brooks, Jr., Charles N. Mathewson and Daniel B. Silvers (the "Ader Nominees")
as nominees to the board of directors of International Game Technology (the
"Company") and is soliciting votes for the election of the Ader Nominees as
members of the board. The Ader Group has sent a definitive proxy statement,
GOLD proxy card and related proxy materials to stockholders of the Company
seeking their support of the Ader Nominees at the Company's 2013 Annual
Meeting of Stockholders. Stockholders are urged to read the definitive proxy
statement and GOLD proxy card because they contain important information about
the Ader Group, the Ader Nominees, the Company and related matters.
Stockholders may obtain a free copy of the definitive proxy statement and GOLD
proxy card and other documents filed by the Ader Group with the Securities and
Exchange Commission ("SEC") at the SEC's web site at www.sec.gov. The
definitive proxy statement and other related documents filed by the Ader Group
with the SEC may also be obtained free of charge from the Ader Group.
The Ader Group consists of the following persons: Ader Investment Management
LP, Ader Long/Short Fund LP, Doha Partners I LP, Ader Fund Management LLC,
Ader Investment Management LLC, Jason N. Ader, Daniel B. Silvers, Andrew P.
Nelson and Laura T. Conover-Ferchak. The members of the Ader Group and the
Ader Nominees are participants in the solicitation from the Company's
stockholders of proxies in favor of the Ader Nominees. Such participants may
have interests in the solicitation, including as a result of holding shares of
the Company's common stock. Information regarding the participants and their
interests may be found in the definitive proxy statement of the Ader Group,
filed with the SEC on January 25, 2013 and first disseminated to stockholders
on or about January 28, 2013.
Certain information contained herein constitutes "forward-looking statements,"
which can be identified by the use of forward-looking terminology such as
"may," "will," "seek," "should," "expect," "anticipate," "project,"
"estimate," "intend," "continue" or "believe" or the negatives thereof or
other variations thereon or comparable terminology. Such statements are not
guarantees of future performance or activities. Due to various risks and
uncertainties, actual events or results or actual performance may differ
materially from those reflected or contemplated in such forward-looking
SOURCE Ader Group
Contact: Jason N. Ader, Ader Investment Management LP, +1-212-445-7800;
Jennifer Shotwell, Scott Winter, or Jonathan Salzberger, all of Innisfree M&A
Incorporated, +1-212-750-5833; Rob Ford, 5W Public Relations, +1-212-999-5585,
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