Everi Stockholders Approve Acquisition by Apollo Funds
Everi Holdings Inc., a company that provides casino gaming content, financial technology, and player loyalty solutions, announced that its stockholders have approved the acquisition by Apollo Funds. The acquisition involves a merger with the Gaming & Digital business of International Game Technology PLC. Stockholders will receive $14.25 per share in cash as part of the deal.
Approximately 99.88% of the shares voted in favor of the merger at the Special Meeting, representing a significant majority of outstanding shares. The Company’s Board of Directors expressed satisfaction with the stockholders’ support and is now focused on finalizing the transaction to maximize value for investors.
The expected timeline for the completion of the acquisition is by the end of the third quarter of 2025, subject to meeting closing conditions. More details on the voting results will be disclosed in a filing with the U.S. Securities and Exchange Commission.
Everi’s mission is to lead the gaming industry by leveraging people, technology, and imagination. The company provides a wide range of products and services to enhance the gaming experience for customers and improve operational efficiency. With a focus on innovation and customer engagement, Everi aims to drive growth in various sectors, including land-based, iGaming, and bingo operations.
The press release also includes forward-looking statements about the proposed transaction and potential risks associated with it. Factors such as regulatory approvals, market conditions, and operational challenges could impact the successful completion of the merger. Everi advises investors to carefully consider these risks before making any decisions based on the information provided.
For more information about Everi and the acquisition by Apollo Funds, interested parties can visit the company’s official website or contact Investor Relations directly. The company emphasizes the importance of staying informed about updates and changes related to the transaction, as new developments may influence the final outcome.
In conclusion, Everi’s approval of the acquisition by Apollo Funds marks a significant step in the company’s growth strategy and vision for the future. By aligning with a global investment management firm like Apollo, Everi aims to unlock new opportunities and deliver value to its stakeholders in the gaming industry.