secwatch.observer — SEC 8-K summary
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Issuer:     Everi Holdings Inc. (—)
CIK:        0001318568
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001318568-24-000011
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 8.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everi to acquire IGT's Global Gaming and PlayDigital businesses; combined co. to trade as IGT
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- Everi shareholders to own ~46.4%; IGT shareholders ~53.6% of combined company; exchange ratio based on 103,379,870 Everi shares.
- Cash payment of $2.585B to IGT funded by ~$3.7B new debt; existing Everi debt to be refinanced.
- Vince Sadusky (IGT CEO) to become CEO of combined company; Michael Rumbolz to become Chairman; Randy Taylor to resign as CEO.
- De Agostini gets right to nominate 3 directors; 12-month lock-up on shares; non-compete for as long as ≥10% ownership.
- Merger subject to shareholder approvals, regulatory clearances, and NYSE listing; expected closing after conditions met.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318568/000131856824000011/0001318568-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318568/000131856824000011/evri-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001318568-24-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer