Boston – May 9, 2024 – Cooley advised PlayAGS (AGS), a global gaming supplier of high-performing slots, tables and interactive products, on its definitive agreement to be acquired by the affiliates of Brightstar Capital Partners for $1.1 billion. AGS shareholders will receive $12.50 per share in cash, a 41% premium to its volume-weighted average share price over the last 90 days and a 40% premium to its closing price on May 8, 2024. The proposed acquisition is expected to close in the second half of 2025, subject to customary closing conditions.
Lawyers Miguel Vega, Steve Przesmicki, David Silverman, Natalie Vernon, Luke Blackett, Rachel Shapiro, Katrina Morris, Sarah Buchik, Barbara Mirza, Alexander Ellebracht, Alex Leavy, Kyrsten Lundh and Alexis Buz led the Cooley team advising AGS.
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