Using cash on hand and cash generated from operations
IGT board approves us$ 500 million share repurchase program
(US).- International Game Technology announced that its Board of Directors has authorized a share repurchase program of up to us$ 500 million of the company's outstanding common stock.
2011-06-13
Reading time 24 seg
(US).- International Game Technology announced that its Board of Directors has authorized a share repurchase program of up to us$ 500 million of the company's outstanding common stock.
Philip G. Satre, IGT's Chairman of the Board, commented, "The actions announced today reflect the confidence our management team and Board of Directors have in the company and our commitment to returning value to our shareholders."
IGT expects to fund the repurchases using cash on hand and cash generated from operations. IGT may repurchase shares from time to time in the open market or through privately negotiated transactions in accordance with applicable securities laws.
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