09:14 AM EDT, 05/09/2024 (MT Newswires) -- PlayAGS ( AGS ) said Thursday it has agreed to be acquired by affiliates of Brightstar Capital Partners for about $1.1 billion.

PlayAGS ( AGS ) said its shareholders will get $12.50 per share in cash.

The proposed deal is expected to close in H2 2025, the company said.

The company's shares jumped more than 26% in recent premarket activity.

Price: 11.35, Change: +2.39, Percent Change: +26.67