The publicly traded chapter for Everi Holdings Inc. has officially closed. The provider of gaming and financial technology products has been permanently delisted from the New York Stock Exchange following its acquisition by affiliates of Apollo Global Management.
Transaction Finalized and Shareholder Payout
The acquisition process, which concluded in July of last year, involved a cash purchase of Everi Holdings alongside the “Gaming & Digital” division of International Game Technology (IGT). As a direct result, Everi shareholders received a fixed cash payment of $14.25 for each share they held immediately prior to the merger taking effect.
This transaction marks the end of Everi’s status as a publicly listed entity. In accordance with the acquisition terms, all outstanding shares have been converted into cash holdings.
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New Private Entity and Strategic Vision
The combined operations now function as a private global gaming enterprise operating under the IGT name. The new organization is structured around three core business units: Gaming, Digital, and FinTech. While the company’s new headquarters will be based in Las Vegas, the established Everi brand is expected to be maintained for specific products and markets.
This strategic combination unites complementary strengths in game content and financial technology solutions. The overarching goal of the new structure is to establish a more competitive and agile platform within the industry.
All operational business will continue as part of this private corporate group under the IGT banner.
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