Why Coins Are Dropping Into IgtBy
Top guns at International Game Technology (IGT) and most Street analysts are pooh-poohing rumors that the No.1 U.S. slot-machine maker is a takeover target. "The big news is that nothing is happening," insists IGT Chairman Chuck Mathewson, who owns nearly 5% of the stock. Yet since May 4, when the shares hit a low of 125/8, they have rebounded to 15 on very heavy volume--between 1 million and 3 million shares some days. So what's up?
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