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Acquisition rumours spark IGT share gains

10th June 2014 9:28 am GMT

Shares in International Game Technology (IGT) climbed by more than 14 per cent in New York Monday following reports that the US gaming supplier is engaged in exploratory talks over a potential sale of its business.

According to Reuters, IGT has hired Morgan Stanley to assess the potential for a sale. This follows the loss of nearly a third of the company’s share value over the past year.

The news sent the company's shares climbing 14.39 per [...]

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