Everi Holdings Inc. (NYSE:EVRI), International Game Technology (NYSE:IGT), and Apollo Global Management, Inc. (NYSE:APO) shares are trading higher today. IGT’s Gaming & Digital business and Everi will be simultaneously acquired by a newly formed holding company owned by funds managed by affiliates of Apollo in an all-cash transaction that values the acquired businesses at approximately $6.3 billion on a combined basis. Under the new agreements, Apollo Funds will acquire both IGT Gaming and Everi. After the deal closes, the combined entity will be a privately owned company. As per the terms, Everi shareholders will receive $14.25 per share in cash, reflecting a 56% premium over its July 25, 2024 closing price. IGT will receive $4.05 billion in gross cash proceeds for IGT Gaming, with plans to use a substantial portion for debt repayment and shareholder returns. The deal is expected ...