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0.00493716337522439 0.014362657091562 0.0350089766606823 0.0359066427289049 0.0529622980251346 0.0574506283662478 0.0480251346499102 0.0516157989228007
Stock impact report

IGT's global gaming and play digital businesses to combine with Everi in $6.2B deal [Seeking Alpha]

Everi Holdings Inc. (EVRI) 
Last everi holdings inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
then immediately combine such businesses with Everi Holdings ( NYSE: EVRI ), valuing the combined businesses at approximately $6.2 billion on an enterprise value basis, the companies said on Thursday. Under the terms of the agreements, IGT shareholders are expected to own about 54% of the combined company, with Everi ( EVRI ) stockholders holding the rest. The companies see projected pro forma 2024 revenue of approximately $2.7 billion and projected pro forma 2024 adjusted EBITDA of approximately $1 billion from the deal. Furthermore, International Game Technology ( IGT ) expects approximately $85 million of identified cost savings and opportunities for capital expenditure efficiencies. Deutsche Bank and Macquarie Capital are providing financing commitments of $3.7 billion, plus a $500 million revolver to the combined company. Recommended For You Recommended For You Related Stocks In The News Trending Analysis Trending News Show less Read more
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