IGT Jumps on Report GTech Bids on Slot Machine MakerAnthony Palazzo
International Game Technology, the world’s largest maker of slot machines, rose 11 percent after Reuters reported bidders include lottery operator GTech SpA and billionaire Ron Perelman’s MacAndrews & Forbes Holdings Inc.
The shares advanced to $15.86 at the close in New York, the highest level since Jan. 23. The stock has declined 13 percent this year.
The Las Vegas-based company also attracted preliminary bids from Apollo Global Management LLC and Carlyle Group LP, Reuters reported, citing people familiar with the matter. Binding bids are due in a few weeks, according to the report.
IGT jumped 14 percent on June 9, the most in five years, after Reuters reported the company hired Morgan Stanley to explore a sale.
GTech, based in Rome, fell 8 cents to 19.66 euros today in Italy.
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