Private equity takeover talk sends shares of IGT upward.
Publication: Las Vegas Review-Journal (Las Vegas, NV)
Publication Date: 19-MAY-07
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May 19--Slot machine giant International Game Technology on Friday became the latest target of private equity speculation within the gaming industry.
Bloomberg News and several gaming analysts said a run-up in the stock price of the Reno-based gaming equipment supplier was fueled by speculation that private equity giants Apollo Management and Texas Pacific Group were interested in adding IGT to their portfolio.
In December, Apollo and Texas Pacific agreed to pay $17.1 billion for casino giant Harrah's Entertainment, a deal that is...
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