Brightstar Capital Partners announced the closing of its acquisition of PlayAGS, Inc. (AGS).
The transaction received approval from AGS stockholders and all required regulatory authorities.
Under the agreement, AGS stockholders will be paid $12.50 per share in cash, valuing the deal at approximately $1.1 billion.
Consequently, AGS is now privately held, and its common stock will be delisted from the New York Stock Exchange.
This acquisition comes amid a period of strong growth momentum for AGS.
David Lopez, CEO & President of AGS, expressed enthusiasm about the partnership with Brightstar Capital Partners.
He called the collaboration a significant milestone and a transformative phase in the company’s growth journey.
