Everi shareholders overwhelmingly voted in favour of the supplier’s acquisition by private equity giant Apollo Global.
During a special meeting held on 14 November, 99.88 per cent of shareholders voted to approve the proposed takeover.
As part of the deal, Everi shareholders will receive $14.25 per share in cash for each share of Everi common stock they held prior to the merger’s effective date.
Shareholder approval is one of several conditions that need to be met for the deal to complete, which is expected to occur in Q3 2025.
“We are pleased that our stockholders supported our transaction with the Apollo Funds,” Everi board chairman Michael Rumbolz said. “We now shift our focus to the important next steps toward completing the transaction and maximising value for Everi stockholders.”
The acquisition was first announced in July 2024. The wider deal also includes IGT’s gaming business, bringing its total value to $6.3 billion.
Shares in International Game Technology plc (NYSE:IGT) closed 1.96 per cent lower at $19.51 per share in New York Friday, while shares in Everi Holdings Inc (NYSE:EVRI) closed 0.37 per cent lower at $13.37 per share.