International Game Technology (IGT) has disclosed a new risk, in the Corporate Activity and Growth category.
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International Game Technology faces considerable business risk regarding its planned Separation & Divestiture of the Global Gaming and PlayDigital businesses with Everi. The transaction’s complexity, requiring shareholder approval, regulatory consents, and SEC filings, may lead to significant delays or even prevent its completion. Additionally, external factors such as legal, economic, and geopolitical shifts could impede the process, while the potential for a hefty termination fee or reimbursement costs adds financial risk. The uncertainty surrounding the transaction’s outcome could materially impact the company’s financial stability, operational results, and strategic options.
The average IGT stock price target is $26.75, implying 23.05% upside potential.
To learn more about International Game Technology’s risk factors, click here.