Why Is Everi (EVRI) Stock Up 42% Today?

Core Insights - Apollo Global Management is acquiring Everi and International Game Technology's IGT Gaming business for a total of $6.3 billion [1] Company Overview - Everi (NYSE:EVRI) stock has seen a significant increase, rising 42.3% as of Friday morning following the acquisition announcement [3][4] - Shareholders of Everi will receive $14.25 per share in cash, which represents a 56% premium over the stock's previous closing price [5] Market Activity - The acquisition has led to heavy trading activity, with over 17 million shares of Everi changing hands, significantly above its average daily trading volume of approximately 1.6 million shares [6]