share_log

美股异动 | 获阿波罗斥资63亿美元收购资产,国际博彩科技和Everi盘中飙升

U.S. stock market anomaly: International game technology and Everi soar in mid-day trading due to Apollo's $6.3 billion acquisition of assets.

Zhitong Finance ·  Jul 26 08:21

$Apollo Global Management (APO.US)$Agreed to an all-cash acquisition.$International Game Technology (IGT.US)$Gambling and digital business, as well as$Everi (EVRI.US)$, with a post-merger valuation of approximately $6.3 billion. As of the time of publication, International Game Technology rose 14.38% to $23.06, while Everi rose 42.12% to $12.99.

It is reported that in February 2024, International Game Technology and Everi signed a final agreement under which International Game Technology will spin off its gambling business to its shareholders and immediately merge the business with Everi.

Under the terms of the new agreement, the gambling and digital business of International Game Technology and Everi will be acquired by a newly formed holding company, managed by Apollo's fund management. The transaction agreement signed by International Game Technology and Everi in February has been terminated.

Everi shareholders will receive a cash consideration of $14.25 per share, a premium of 56% over the previous day's closing price. At the same time, International Game Technology will receive a total cash consideration of $4.05 billion from its gambling business, a large portion of which will be used to pay off debt and return to shareholders.

This transaction has been approved unanimously by the special committees of the boards of directors of International Game Technology and Everi, and is expected to be completed by the end of the third quarter of 2025.

After the completion of the transaction, Everi's stocks will be delisted from the NYSE, and International Game Technology will change its name and stock code to become a company focused on the lottery business.

De Agostini S.p.A., the largest shareholder of International Game Technology, has committed to making a minority equity investment in the merged entity at the close of the transaction.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment