International Game Technology Announces Expiration of Hart-Scott-Rodino Act Waiting Period
International Game Technology (IGT) announced the expiration of the Hart-Scott-Rodino Act waiting period for its previously announced transaction. The deal involves IGT's Gaming & Digital business and Everi Holdings being acquired by a new holding company owned by Apollo Global Management funds. The waiting period expired on November 20, 2024, marking a significant milestone toward completing the transaction. The deal is expected to close by the end of Q3 2025, subject to additional regulatory approvals and conditions.
International Game Technology (IGT) ha annunciato la scadenza del periodo di attesa previsto dalla Hart-Scott-Rodino Act per la transazione precedentemente annunciata. L'accordo prevede l'acquisizione del business Gaming & Digital di IGT e di Everi Holdings da parte di una nuova holding controllata dai fondi di Apollo Global Management. Il periodo di attesa è scaduto il 20 novembre 2024, rappresentando una tappa significativa verso il completamento della transazione. Si prevede che l'accordo si chiuderà entro la fine del terzo trimestre del 2025, soggetto ad ulteriori approvazioni e condizioni regolatorie.
International Game Technology (IGT) anunció la expiración del perÃodo de espera de la Ley Hart-Scott-Rodino para la transacción previamente anunciada. El acuerdo implica que el negocio de Juegos y Digital de IGT y Everi Holdings sean adquiridos por una nueva empresa matriz propiedad de los fondos de Apollo Global Management. El perÃodo de espera expiró el 20 de noviembre de 2024, marcando un hito significativo hacia la finalización de la transacción. Se espera que el acuerdo se cierre a fines del tercer trimestre de 2025, sujeto a aprobaciones regulatorias adicionales y condiciones.
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International Game Technology (IGT) a annoncé l'expiration de la période d'attente de la loi Hart-Scott-Rodino pour sa transaction précédemment annoncée. L'accord concerne l'acquisition de l'activité Gaming & Digital d'IGT et d'Everi Holdings par une nouvelle société holding détenue par des fonds d'Apollo Global Management. La période d'attente a expiré le 20 novembre 2024, marquant une étape importante vers l'achèvement de la transaction. L'accord devrait se finaliser d'ici la fin du troisième trimestre 2025, sous réserve d'approbations réglementaires supplémentaires et de conditions.
International Game Technology (IGT) hat das Ende der Wartefrist nach dem Hart-Scott-Rodino-Gesetz für die zuvor angekündigte Transaktion bekannt gegeben. Der Deal umfasst die Übernahme des Gaming & Digital-Geschäfts von IGT und Everi Holdings durch ein neues Holdingunternehmen, das im Besitz von Apollo Global Management-Fonds ist. Die Wartefrist endete am 20. November 2024, was einen bedeutenden Meilenstein für den Abschluss der Transaktion darstellt. Die Transaktion wird voraussichtlich bis Ende des dritten Quartals 2025 abgeschlossen sein, vorbehaltlich weiterer regulatorischer Genehmigungen und Bedingungen.
- HSR Act waiting period expiration removes a major regulatory hurdle for the transaction
- Transaction remains on track for planned Q3 2025 completion
- None.
Insights
The HSR clearance marks a significant milestone in IGT's strategic separation and merger transaction. This regulatory approval removes a major antitrust hurdle for the
The applicable waiting period under the HSR Act expired at 11:59 p.m., Eastern time, on November 20, 2024. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the Proposed Transaction, which is expected to close by the end of the third quarter of 2025, and remains subject to other conditions and regulatory approvals.
About IGT
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 11,000 employees. For more information, please visit .
Cautionary Statement Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, related to Proposed Transaction. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. These forward-looking statements involve risks and uncertainties that could significantly affect the financial or operating results of IGT. These forward-looking statements may be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "forecast," "foresee," "intend," "may," "plan," "project," "should," "will," and "would" and the negative of these terms or other similar expressions. Forward-looking statements in this news release include, among other things, statements about the anticipated steps associated with, and the ability of the Parties to consummate, the Proposed Transaction. These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among other things, risks related to the possibility that the conditions to the consummation of the Proposed Transaction will not be satisfied in the anticipated timeframe or at all; risks related to the ability to realize the anticipated benefits of the Proposed Transaction; the ability to retain and hire key personnel; negative effects of the announcement or failure to consummate the Proposed Transaction on the market price of IGT's ordinary shares and on IGT's operating results; the occurrence of any event, change or other circumstances that could give rise to the termination of the separation and sale agreement and/or the merger agreement relating to the Proposed Transaction; significant transaction costs, fees, expenses and charges; operating costs, customer loss, and business disruption (including, without limitation, difficulties in maintaining employee, customer, or other business, contractual, or operational relationships following the Proposed Transaction announcement or closing of the Proposed Transaction and the diversion of the attention of the management team of IGT from its ongoing business); failure to consummate or delay in consummating the Proposed Transaction for any reason; risks relating to any resurgence of the COVID-19 pandemic or similar public health crises; risks related to competition in the gaming and lottery industries; dependence on significant licensing arrangements, customers, or other third parties; risks related to the financing of the Proposed Transaction; economic changes in global markets, such as currency exchange, inflation and interest rates, and recession; government policies (including policy changes affecting the gaming industry, taxation, trade, tariffs, immigration, customs, and border actions) and other external factors that IGT cannot control; regulation and litigation matters relating to the Proposed Transaction; unanticipated adverse effects or liabilities from business divestitures; risks related to intellectual property, privacy matters, and cyber security (including losses and other consequences from failures, breaches, attacks, or disclosures involving information technology infrastructure and data); other business effects (including the effects of industry, market, economic, political, or regulatory conditions); and other risks and uncertainties, including, but not limited to, those described in IGT's Annual Report on Form 20-F on file with the
A further description of risks and uncertainties relating to IGT can be found in its most recent Annual Report on Form 20-F and Reports on Form 6-K, all of which are filed or furnished with the SEC and available at .
There can be no assurance that the Proposed Transaction will in fact be consummated. IGT does not intend to update the forward-looking statements contained in this news release as a result of new information or future events or developments, except as required by law.
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SOURCE International Game Technology PLC