The shareholders of Everi Holdings approved the $6.3 billion acquisition and merger transaction proposed by Apollo Global Management, a private equity fund.
Everi announced that around 99.88% of the voted shares supported the deal. This represents approximately 71.48% of the total outstanding shares of Everi common stock as of the Special Meeting date.
Michael Rumbolz, Chairman of the Company’s Board of Directors, stated: “We appreciate our stockholders’ support for our transaction with the Apollo Funds. Our focus now shifts to completing the transaction and maximizing value for Everi stockholders.”
Earlier this year, Apollo secured a $6.3 billion deal ahead of Everi’s planned merger with the Global Gaming and PlayDigital units of International Game Technology PLC (IGT). IGT agreed to divest these units to create a standalone lottery business.
IGT plans to separate its IGT Gaming business, which will immediately merge with Everi. This will create two privately owned companies under Apollo’s commercial structure.
This week, IGT published its Q3 accounts. The NYSE technology group revised its auditing structures to focus on lotteries as a standalone business.
Under the acquisition terms, Everi shareholders will receive $14.25 per share in cash. IGT will receive $4.05 billion in gross cash for its Global Gaming and PlayDigital units.
Everi will file a Form 8-K with the US Securities and Exchange Commission (SEC) to report the final voting results. If all required conditions are met on time, the transaction will close by the end of Q3 2025.