PlayAGS, a prominent global gaming company, has announced its agreement to be acquired by Brightstar Capital Partners in a definitive deal valued at over $1.1 billion. The acquisition proposal received unanimous approval from AGS's board of directors.
In this transaction, shareholders of AGS will receive $12.50 per share in cash. The board of AGS has strongly recommended that shareholders assent to the acquisition. The deal is slated for completion in the latter half of 2025, pending shareholder approval and regulatory clearances. Upon completion, AGS will transition to private ownership, and its common shares will cease to be traded on the stock exchange.
Since the announcement of the acquisition, AGS's shares have surged by approximately 27%, currently trading at $11.34 per share on the NYSE. The successful execution of this acquisition marks a significant milestone for both companies involved.
