PlayAGS, Incorporated (AGS), a global gaming supplier, has entered into a definitive agreement to be acquired by affiliates of Brightstar Capital Partners, a private equity firm. The agreement, unanimously approved by AGS's Board of Directors, will result in AGS shareholders receiving $12.50 per share in cash, a 41% premium over the 90-day average share price and a 40% premium over the closing price on May 8, 2024. The transaction, valued at approximately $1.1 billion, is expected to close in the second half of 2025, subject to regulatory approvals and approval by a majority of AGS stockholders. Upon completion, AGS will become a privately held company, and its shares will no longer be listed on any public market. AGS has canceled its conference call to discuss Q1 2024 financial results and will not issue a quarterly earnings release, but expects to file its 10-Q for the quarter ended March 31, 2024, with the SEC. The proposed transaction is anticipated to provide AGS with resources and strategic guidance to invest in R&D, talent, operations, and innovation, potentially accelerating its global footprint.

PlayAGS, Incorporated (AGS), a global gaming supplier, has entered into a definitive agreement to be acquired by affiliates of Brightstar Capital Partners, a private equity firm. The agreement, unanimously approved by AGS's Board of Directors, will result in AGS shareholders receiving $12.50 per share in cash, a 41% premium over the 90-day average share price and a 40% premium over the closing price on May 8, 2024. The transaction, valued at approximately $1.1 billion, is expected to close in the second half of 2025, subject to regulatory approvals and approval by a majority of AGS stockholders. Upon completion, AGS will become a privately held company, and its shares will no longer be listed on any public market. AGS has canceled its conference call to discuss Q1 2024 financial results and will not issue a quarterly earnings release, but expects to file its 10-Q for the quarter ended March 31, 2024, with the SEC. The proposed transaction is anticipated to provide AGS with resources and strategic guidance to invest in R&D, talent, operations, and innovation, potentially accelerating its global footprint.