IGT TO MERGE WITH ANCHOR GAMING

July 09, 2001 9:24 PM
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IGT, the world’s largest slot manufacturer, and Anchor Gaming have agreed to a stock swap deal worth $1.3 billion. Technically, IGT will purchase Anchor in a one-for-one stock transaction.

When the transaction is completed by early next year, the combined companies would generate annual revenue of more than $2 billion.

See GamingToday beginning Tuesday for complete details of the merger.