IGT INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of the Board of Directors of International Game Technology (IGT) in Connection With the Proposed Sale of the Company to Italy’s Gtech
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of International Game Technology (“IGT” or the “Company”) (NYSE: IGT) for potential breaches of fiduciary duties in connection with the sale of the Company to Gtech for approximately $6.4 billion. The Company’s stockholders will receive $13.69 in cash and 0.1819 of a share of Gtech for each share of IGT common stock they own.
The investigation focuses on whether IGT’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of IGT’s shareholders.
If you own common stock in IGT and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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