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Galaxy Gaming (GLXZ) just unveiled an update.
Galaxy Gaming, Inc. has entered into a definitive merger agreement with Evolution Malta Holding Limited, leading to Galaxy Gaming becoming a wholly owned subsidiary of the parent company. Shareholders of Galaxy Gaming will receive $3.20 per share in cash, and certain stock options and awards will be converted into cash equivalents. The merger is subject to approval by Galaxy Gaming’s shareholders and regulatory bodies, with provisions in place for potential amendments or termination of the agreement, including financial penalties for both parties in specified circumstances. Key board members have also signed support agreements to vote in favor of the merger, reinforcing its likelihood of proceeding.
For a thorough assessment of GLXZ stock, go to TipRanks’ Stock Analysis page.