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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.
Learn more about EVRI stock on TipRanks’ Stock Analysis page.
