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AGS250117C22500

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    $PlayAGS (AGS.US)$
    PlayAGS Stockholders Approve Acquisition By Brightstar Capital Partners
    PlayAGS Stockholders Approve Acquisition By Brightstar Capital Partners
    LAS VEGAS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- PlayAGS, Inc. (NYSE: AGS) ("AGS" or the "Company"), a supplier of high-performing slot, table, and interactive products to the global gaming industry, today announced that, at a special meeting of its stockholders held on August 6, 2024 ("the Special Meeting"), AGS stockholders voted to a...
    $PlayAGS (AGS.US)$
    NEWS
    AGS Enters Into Definitive Agreement To Be Acquired By Brightstar Capital Partners for Approximately $1.1 Billion
    AGS, a global gaming supplier, has entered into a definitive agreement to be acquired by Brightstar Capital Partners for approximately $1.1 billion. The acquisition provides AGS shareholders with $12.50 per share in cash, representing a 41% premium to the Company's average share price. The transaction is expected to close in the second half of 2025, subject to ...
    Analysts cut EPS estimates for PlayAGS, hinting at potential business challenges. Despite reconfirming revenue estimates, PlayAGS' revenue is expected to underperform the industry. However, the business's intrinsic value may improve over time, as suggested by the price target upgrade.
    PlayAGS' P/S ratio aligns with most companies despite lower revenue growth. Investors seem less bearish than analysts. However, if P/S falls to match growth outlook, shareholders may face disappointment. Current P/S ratio and weaker revenue outlook could risk share price decline.
    $PlayAGS (AGS.US)$ good job banging ah! holding giving more time going green me !
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