PlayAGS Incorporated takeover discussions conclude without a deal
The value of individual shares in American iGaming specialist PlayAGS Incorporated reportedly fell by almost 10% overnight after the company revealed that it had ended talks about its proposed $370 million purchase by larger rival Inspired Entertainment Incorporated.
According to a Thursday report from the Seeking Alpha financial news service, single shares in the New York-listed firm are now worth approximately $6.07 after beginning the day priced at a healthy $6.67. This purportedly comes after their individual value reached as high as $8.30 in mid-August following a revelation that the company was involved in preliminary takeover talks with Inspired Entertainment Incorporated.
Contemporary consolation: