IGT, Everi shares rise after Apollo Funds $6.3 bln deal

Everi Holdings

26/07/2024 12:22

** Shares of International Game Technology  IGT.N  jump
16.1% to $23.4 premarket, while Everi Holdings  EVRI.N  advances
36.4% to $12.50
    ** Apollo Funds to buy IGT's gaming and digital business and
EVRI in $6.3 bln deal
    ** Deal expected to be completed by end of Q3 2025, after
regulatory and Everi shareholders' approvals
    ** IGT shareholder approval not required for transaction
    ** Cos to become privately owned, as one combined firm
    ** Up to last close, IGT shares were down 26.5% YTD, while
EVRI shares were down nearly 19% YTD

 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com
https://twitter.com/ShristiAchar;))