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PlayAGS | DEFA14A: Others

SEC announcement ·  May 11 02:17
Summary by Futu AI
PlayAGS, Inc., a gaming company, has entered into a definitive agreement to be acquired by Brightstar Capital Partners, a private equity firm, for approximately $1.1 billion. The agreement, announced on May 8, 2024, will result in PlayAGS becoming a privately held company at $12.50 per share. The transaction is subject to customary closing conditions and regulatory approvals. PlayAGS communicated the acquisition details to its employees and customers on May 9, 2024, emphasizing that the acquisition will enable the company to accelerate growth and make targeted investments in operations and R&D. The company will remain publicly traded until the transaction's closing conditions are met. PlayAGS believes the acquisition by Brightstar will not disrupt service levels or product quality for customers. The company will file preliminary and definitive proxy statements with the SEC, and once available, stockholders will be urged to read these documents before making any voting decisions on the proposed transaction.
PlayAGS, Inc., a gaming company, has entered into a definitive agreement to be acquired by Brightstar Capital Partners, a private equity firm, for approximately $1.1 billion. The agreement, announced on May 8, 2024, will result in PlayAGS becoming a privately held company at $12.50 per share. The transaction is subject to customary closing conditions and regulatory approvals. PlayAGS communicated the acquisition details to its employees and customers on May 9, 2024, emphasizing that the acquisition will enable the company to accelerate growth and make targeted investments in operations and R&D. The company will remain publicly traded until the transaction's closing conditions are met. PlayAGS believes the acquisition by Brightstar will not disrupt service levels or product quality for customers. The company will file preliminary and definitive proxy statements with the SEC, and once available, stockholders will be urged to read these documents before making any voting decisions on the proposed transaction.

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