Italy lottery group GTECH in talks to buy International Game

By Francesca Landini MILAN (Reuters) - Italian lottery operator GTECH is in preliminary talks to buy Las Vegas-based International Game Technology (IGT) in a cash and shares deal that would make it a significant player in the casino slot machine business. GTECH said on Monday it had hired advisers to help it negotiate a deal, confirming what sources told Reuters last week. Three rival bidders plan to make formal offers alongside GTECH, according to people familiar with the situation, but none have gone public with their plans. "This transaction could potentially involve the use of a mix of cash and equity," GTECH said, adding it would not need to sell new shares to raise the cash for the deal.



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