AGS Announces Definitive Agreement to Be Acquired by Brightstar Capital Partners for $1.1 Billion

Brandon C on May 28, 2024

Cooley advised PlayAGS (AGS), a global gaming supplier of high-performing slots, tables and interactive products, on its definitive agreement to be acquired by the affiliates of Brightstar Capital Partners for $1.1 billion. AGS shareholders will receive $12.50 per share in cash, a 41% premium to its volume-weighted average share price over the last 90 days and a 40% premium to its closing price on May 8, 2024. The proposed acquisition is expected to close in the second half of 2025, subject to customary closing conditions.

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AGS Announces Definitive Agreement to Be Acquired by Brightstar Capital Partners for $1.1 Billion

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