LAS VEGAS, NV – Everi Holdings’ stockholders voted at a special meeting to approve the pending simultaneous acquisition of Everi and the Gaming & Digital business of International Game Technology PLC (IGT) by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management through a merger. As previously announced, pursuant to the terms of the merger agreement, Everi stockholders will receive $14.25 per share in cash for every share of Everi common stock they own immediately prior to the effective time of the merger.
At the special meeting, approximately 99.88 percent of the shares voted were voted in favor of the merger, which represented approximately 71.48 percent of the total outstanding shares of Everi common stock as of Oct. 3, 2024, the record date for the Special Meeting.
“We are pleased that our stockholders supported our transaction with the Apollo Funds,” said Michael Rumbolz, Chairman of the Everi’s Board of Directors. “We now shift our focus to the important next steps toward completing the transaction and maximizing value for Everi stockholders.”
Assuming timely satisfaction of necessary closing conditions, the proposed transaction is expected to close by the end of the third quarter of 2025. The final voting results on the proposals voted on at the Special Meeting will be set forth in a Form 8-K filed by the Everi with the U.S. Securities and Exchange Commission (SEC).