Everi shareholders OK acquisition-merger deal

Everi Holdings will go ahead with a previously proposed deal for the company to be bought out by a newly formed holding company owned by funds and managed by affiliates of Apollo Global Management, the firm said in an official press release.

Everi’s stockholders back the deal to proceed with a new holding company merger acquisition

Everi and the Gaming & Digital business of International Game Technology (IGT) will now be merged into the new holding company, with Everi stockholders receiving $14.25 in cash for every share of Everi common stock they own, ahead of the effective time of the merger, the company further detailed. This is expected to be concluded around the third quarter of 2025, the press release continued.

Everi Holdings Inc is a provider of land-based and digital casino gaming content products that specializes in various areas of the experience, including but not limited to fintech, loyalty solutions to boost engagement & retention performance markers, bingo, and more.

The decision comes as a part of a Special Meeting of Everi stockholders who voted with near-unanimity on the matter, with 99.88% of the shares voting in favor of the deal going through. As to Everi’s top brass, the company’s Board of Directors, Michael Rumbolz, has welcomed the opportunity to see his company take on this decisive step.

"We now shift our focus to the important next steps toward completing the transaction and maximizing value for Everi stockholders," he added.

Executives are optimistic, one shareholder brings the matter to the courts

Commenting on the deal when it was originally proposed, Everi CEO Randy Taylor said that the proposed transaction maintained integrity and had a strong strategic rationale, drawing on the existing collaboration with IGT and looking into fresh opportunities.

"By joining forces with IGT Gaming, we expect to continue to lead, innovate, and provide unparalleled value to our customers as a stronger player in the global gaming, fintech, and digital industry," Taylor said then.

Not everyone has been happy with the deal; however, Everi shareholder Dan Clancy attempted to block the deal by suing the company earlier this year. According to Clancy, shareholders were offered misleading statements.

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