Summary by Futu AI
PlayAGS announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its proposed merger with Bingo Holdings I, LLC, an affiliate of Brightstar Capital Partners, expired on December 9, 2024. This marks a significant milestone in the merger process that was initially announced on May 8, 2024.Under the merger agreement, Bingo Merger Sub, Inc., a wholly owned subsidiary of Bingo Holdings I, will merge with PlayAGS, with PlayAGS surviving as a wholly owned subsidiary of the parent company. The transaction is expected to close in the second half of 2025, subject to remaining regulatory approvals and other closing conditions.
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