INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of International Game Technology and Its Board of Directors In Connection With the Sale of the Company to Gtech
NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of International Game Technology (“IGT” or “the Company”) (NYSE:IGT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Gtech.
Click here to learn more about the investigation: http://zlk.9nl.com/international-game-technology-igt, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, IGT shareholders will receive $13.69 and 0.1819 of a share of the post-merger entity for each share of IGT stock they own. The investigation concerns whether the Board of IGT breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Gtech is underpaying for IGT shares. IGT shareholders are expected to own just 20% of the new company, while IGT will maintain five of its existing directors on the new Board.
If you own IGT common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/international-game-technology-igt.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.