UPDATE: International Game Tech (IGT) Misses Q1 EPS by 12c, Revenue Beats, Offers Outlook
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International Game Tech (IGT) Prices 13.2M Share Registered Public Offering at $28.25/Sh Related to 18M Share Variable Forward Transaction by De Agostini S.p.A.
May 23, 2018 5:51 AM EDTInternational Game Technology PLC (NYSE: IGT) has been advised that IGT's majority shareholder, De Agostini S.p.A., has entered into a variable forward transaction (the "Forward Transaction") with Credit Suisse International ("Credit Suisse") relating to 18,000,000 IGT ordinary shares.
IGT has also been advised that, to hedge the exposure under the Forward Transaction, Credit Suisse or its affiliates have borrowed 13,200,000 IGT ordinary shares from third-party stock lenders and sold such IGT ordinary shares at a price of $28.25 per ordinary share in an... More
International Game Tech (IGT) Reports Variable Forward Transaction By De Agostini S.p.A.
May 21, 2018 4:54 PM EDTInternational Game Technology PLC (NYSE: IGT) has been advised that IGT's majority shareholder, De Agostini S.p.A. ("De Agostini"), proposes to enter into a variable forward transaction with Credit Suisse International ("Credit Suisse") relating to up to 18,000,000 IGT ordinary shares.
IGT is not a party to the Forward Transaction, which is described in greater detail below and in the related prospectus supplement, and is not issuing or selling any IGT ordinary shares in connection with the Forward Transaction. As such, IGT will not receive any proceeds from the sale of the IGT... More
