The board of PlayAGS has alerted the New York Stock Exchange (NYSE) that it will no longer proceed with deal negotiations to be acquired by Inspired Entertainment Inc. On 12 August, PlayAGS disclosed that it had entered negotiations with Inspired, who had proposed a $10 cash per share offer to acquire the Las Vegas-based games developer and gambling machine components …
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Inspired targets discounted buyout of PlayAGS
NYSE-listed games machine manufacturer and distributor PlayAGS has disclosed to markets that it has become an M&A target of gaming technology firm Inspired Entertainment Inc, according to a report from Reuters. This weekend, PlayAGS confirmed to US media that Inspired Entertainment had submitted a $10 per share cash offer to acquire the business at a proposed valuation of $370m. Inspired has …
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