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International Game Technology's Board of Directors has approved a $500 Million share re-purchase programme 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."
The buy-back will be funded from cash on hand and cash generated from operations.
Source: InfoPowa News