Emmett Investment Management Opposes PlayAGS's Proposed Take-Private Transaction With Brightstar Capital Partners; Releases Open Letter To AGS Stockholders Outlining Intention To Vote Against Proposal
Portfolio Pulse from Benzinga Newsdesk
Emmett Investment Management, owning about 1.5% of PlayAGS, Inc. (AGS), opposes its proposed take-private deal with Brightstar Capital Partners, claiming it undervalues the company. Emmett intends to vote against the transaction, as detailed in an open letter to AGS stockholders.
May 14, 2024 | 12:16 pm
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NEGATIVE IMPACT
Emmett Investment Management's opposition to the take-private deal with Brightstar Capital Partners could influence other shareholders and potentially affect the outcome of the proposed transaction.
Emmett Investment Management's public opposition to the take-private deal, citing undervaluation, could lead to increased scrutiny from other shareholders and potentially impact the stock price negatively in the short term as investors reassess the fairness of the offer.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100