U.S. Stock Market News | Apollo to Acquire Assets for $6.3 Billion, International Game Technology, Everi Soar Pre-market

Zhitong
2024.07.26 12:32
portai
I'm PortAI, I can summarize articles.

Apollo Global Management has agreed to acquire International Game Technology and Everi in an all-cash deal, with a combined valuation of approximately $6.3 billion. International Game Technology surged 19.70% in pre-market trading, while Everi rose 40.26%. Upon completion of the transaction, Everi's stock will delist from the NYSE, and International Game Technology will change its name and stock symbol to focus on lottery business. The deal has received unanimous approval from the boards of both companies and is expected to be completed by the end of the third quarter of 2025