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The Deal: International Game Technology Inc. has agreed to purchase Anchor Gaming Inc. for $935 million in stock. According to terms of the deal, Int'l Game will also assume $430 million of Anchor debt. The transaction will solidify Int'l Game's control of highly profitable slot machine games. After news of the transaction was announced, shares of Anchor Gaming rose $3.05 to $56.96, while Int'l Game Technology lost eight cents to close at $59.12.
