PlayAGS Inks Definitive Deal To Be Acquired By Affiliates Of Brightstar Capital Partners $12.50 Per Share In Cash
Portfolio Pulse from Benzinga Newsdesk
PlayAGS has entered into a definitive agreement to be acquired by affiliates of Brightstar Capital Partners for $12.50 per share in cash. This purchase price is a 41% premium over the last 90 days' volume-weighted average share price and a 40% premium over AGS' closing price on May 8, 2024.
May 09, 2024 | 12:33 pm
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PlayAGS agrees to be acquired by Brightstar Capital Partners at $12.50 per share, a significant premium over recent and closing prices.
The acquisition of PlayAGS by Brightstar Capital Partners at a substantial premium to both the 90-day volume-weighted average and the closing price on May 8, 2024, indicates a strong positive outlook for AGS shareholders. The premium suggests that Brightstar sees significant value in AGS, likely leading to a positive short-term impact on AGS's stock price as the market reacts to the news.
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