PlayAGS jumps on confirming buyout proposal from Inspired Entertainment

Inspired Entertainment

15/08/2022 11:42

** Shares of slot machine maker PlayAGS Inc  AGS.N  up ~8%
at $8.08 premarket
    ** PlayAGS confirmed it had received a buyout proposal from
gaming equipment provider Inspired Entertainment  INSE.O  
    ** INSE has made a $370 million offer to AGS, people
familiar with the matter said on Friday  urn:newsml:reuters.com:*:nL1N2ZO1RJ
    ** AGS added that it did not accept the proposal, but
remained in preliminary discussions about a potential deal
    ** Inspired has offered $10 per share in cash to acquire
PlayAGS, the sources said
    ** Inspired Entertainment declined to comment
    ** As of Friday's close, AGS shares up ~11% this year; INSE
down ~3% YTD

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com; Twitter: https://twitter.com/AnanyaMariam))