Everi Holdings (EVRI) just unveiled an announcement.
Everi Holdings Inc. has agreed to definitive terms for a major corporate transaction with International Game Technology PLC (IGT) and several related parties. This complex deal involves the separation of IGT’s Gaming and Digital business into a new entity, Spinco, followed by a series of purchases and mergers resulting in Everi acquiring Spinco. Shareholders can expect a cash conversion for their shares at a predetermined rate, with the company delisting from the NYSE post-transaction. Executive roles are also set to change, with new appointments anticipated at the closing of the merger. The transaction is subject to customary conditions, including shareholder and regulatory approvals.
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