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International Game Technology Completes $400 Million Accelerated Stock Buyback


Wednesday, 19 Dec 2012 08:30am EST 

International Game Technology announced that it has completed its $400 million accelerated stock buyback which was announced on June 14, 2012 . Under the terms of the accelerated stock buyback agreement, Goldman, Sachs & Co. will have delivered 30.3 million shares (27.8 million in the fiscal 2012 and 2.5 million in the fiscal first quarter of 2013) to IGT at an average price of $13.22 per share, representing over 10% of the total shares outstanding when the program commenced. The accelerated share repurchase program was completed under the Company's current $1 billion share repurchase program that was approved by the Company's Board of Directors in June of 2012. The Company has $600 million remaining on this authorization. 

Company Quote

17.12
-0.03 -0.17%
3:49pm EDT