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PlayAGS Explores Buyout Options After Rejecting Inspired's $370M Bid

AGS rejects Inspired's bid, shares soar. Now, new buyout talks are underway, with no details on potential suitors.

In this image there is a conference in which there are people sitting in chair and listening to the...
In this image there is a conference in which there are people sitting in chair and listening to the people who are on the stage. It seems like an event in which there is a conversation between the media people and the owners. At the background there is a big hoarding and the wall beside it.

PlayAGS Explores Buyout Options After Rejecting Inspired's $370M Bid

PlayAGS is in ongoing negotiations to find a suitable sum for a potential buyout, following the rejection of Inspired Entertainment's bid. After the rejection, AGS's shares surged to a high of $8.5 per share, with a market cap of about $300 million.

In October 2023, PlayAGS was the target of takeover talks, including discussions with Inspired Entertainment. However, there are no public details available about specific corporations currently negotiating a purchase agreement with PlayAGS. Inspired Entertainment's bid of $370 million, amounting to $10 per share, was rejected by PlayAGS. At the time of the offer, AGS's market cap was over $220 million, or about $6.05 per share. Inspired Entertainment has not yet commented on the failed attempt.

PlayAGS continues to explore potential buyout options, with negotiations ongoing. Shareholders have reacted positively to the news, driving up AGS's share price. Meanwhile, Inspired Entertainment remains silent on their previous bid.

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