IGT board contestant steps back

The acrimonious proxy fight over the future composition of the International Game Technology board of directors took a surprise turn Thursday when IGT announced that one of the four individuals seeking election to the board against the wishes of the company has withdrawn from the race.

Jason Ader has withdrawn his intent to nominate himself as a director candidate at IGT’s upcoming 2013 Annual Meeting of Shareholders, a spokesman revealed, adding that Ader has nevertheless still indicated that he intends to nominate the remaining slate of three director candidates, including former IGT CEO Charles N. Mathewson, to stand for election at the Annual Meeting.

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