Game supplier International Game Technology IGT confirmed the possible sale in a statement on Monday. Reuters reported last week that the company had hired investment bank Morgan Stanley to take offers from suitors.

IGT said in a statement on Monday that it is regularly considering a wide range of strategic alternatives, including “corporate consolidation, capital structure changes and corporate portfolio adjustments,” with the aim of maximizing shareholder value.

“The IGT board and senior management are currently engaged in this quest, but no decision has been made by the board on any specific alternatives available to the company.”

On Friday, Reuters reported at least four companies were seeking IGT bids, including private equity firm Apollo Global Management LLC, a co-owner of lottery operator GTech SpA and casino operator Caesars Entertainment.

However, no approach has been identified by IGT. “There is currently no guarantee that a deal or other strategic change will be signed as a result of our search for alternatives,” the company said

Analysts say a potential sell-off could be a positive given the company gives peers a valuation discount and its history. U.S.-based Telsey Advisory Group said strategic industry buyers could mean higher bids for IGT. 파워볼실시간

“We estimate that a potential suitor could pay approximately US$17 per share for IGT on the LBO [leverage buyout] and still generate 25% leveraged IRR [internal returns] and value the company at US$6 billion,” the brokerage said in a report.