PlayAGS Inc Agrees to Cash Merger with Brightstar

The latest announcement is out from Playags Inc (AGS).

PlayAGS, Inc. has entered into a definitive merger agreement with an affiliate of Brightstar Capital Partners, which will result in the company becoming a fully owned subsidiary upon completion. Shareholders of PlayAGS will receive $12.50 in cash for each common share held, with options, restricted stock units, and phantom stock units also being settled in cash. The merger is backed by solid financial commitments, including both equity and debt financing, and is not contingent on financing conditions. The agreement also outlines termination fees and conditions for both parties, and the completion of the merger is subject to customary closing conditions, including stockholder approval and regulatory consents.

For detailed information about AGS stock, go to TipRanks’ Stock Analysis page.