Aggregate various data and mathematical model, we expect International Game Technology PLC (IGT) stock to go up on June 13th Tuesday next week.
Related News:
International Game is exploring strategic alternatives for its Global Gaming and PlayDigital segments to generate long-term sustainable value
International Game Technology PLC (NYSE:IGT) announced that its board of directors is evaluating potential strategic alternatives for the company’s Global Gaming and PlayDigital segments to unlock the full value of the company’s portfolio. The Company’s Board of Directors is considering a wide range of potential alternatives, including but not limited to a sale, merger or spin-off, as well as maintaining and continuing investment in the Global Gaming business and PlayDigital. “Over the past three years, the company has refined its strategic focus by reorganizing around core verticals, monetizing non-core assets, reducing structural costs and significantly improving its credit profile,” said Marco Sala. , Executive Chairman of the Board of Directors.
“We believe that the intrinsic value of the company’s market-leading businesses and diverse cash flow profile is not currently reflected in our share price and that now is an opportune time to assess opportunities that could improve value for the company’s shareholders.” “The company is a global leader with deep expertise in lottery, land-based gaming, iGaming and sports betting,” said Vince Sadusky, Managing Director. “We remain focused on executing on our growth targets and multi-year objectives outlined at our November 2021 Investor Day as we undertake this review and assessment of strategic alternatives. Regardless of the outcome of this process, the company is well positioned to achieve its long-term growth and profit objectives.” The company has retained Deutsche Bank, Macquarie Capital and Mediobanca as financial advisors and Sidley Austin and White & Case as legal advisors to help it explore strategic alternatives.
No decision has been made regarding any alternative, there is no timetable for the review and there is no guarantee that the exploration of strategic alternatives will result in any transaction. The Company does not intend to comment or provide updates regarding these matters unless it determines that additional disclosure is appropriate or necessary.