Everi Holdings Inc (EVRI) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Everi Holdings Inc. faces a significant business risk as its proposed acquisition of IGT’s Global Gaming and PlayDigital businesses may lead to a decline in the market price of its common stock. There is no certainty that post-transaction the stock price will increase or stabilize; historical trends suggest that the market capitalization and share price could suffer post-acquisition. Liquidity issues may arise if shareholders sell off stock after the transaction, potentially causing further price declines. Moreover, post-transaction, the company will have a different composition of assets and risks, which could introduce new factors affecting its stock price and market value.
The average EVRI stock price target is $12.75, implying 60.18% upside potential.
To learn more about Everi Holdings Inc’s risk factors, click here.