IGT shares are trading higher following a report suggesting Apollo is said to be among the potential suitors trying to acquire IGT's global gaming unit.
Portfolio Pulse from Benzinga Newsdesk
Apollo Global Management is reportedly among the potential suitors interested in acquiring the global gaming unit of International Game Technology (IGT). This has led to a rise in IGT's stock price.
September 14, 2023 | 1:01 pm
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IGT's stock price is trading higher following reports of Apollo's interest in acquiring its global gaming unit.
The news of a potential acquisition by a major player like Apollo Global Management has led to increased investor confidence in IGT, leading to a rise in its stock price. If the acquisition goes through, it could potentially boost IGT's market position and financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100