- PlayAGS ( NYSE: AGS ) soared 17% in after hours on Friday after surging 25% before being halted in regular trading after it confirmed that Inspired Entertainment ( NASDAQ: INSE ) made a $10/share offer the slot machine maker.
- PlayAGS ( AGS ) rejected the non-binding indication of interested from Inspired ( INSE ), though the company remains in the discussion with Inspired, according to an 8-K filing. AGS said that there can be no assurance that any transaction will be completed at this price or at any other price with such third party or any other third party.
- The late Friday filing confirmed a Reuters report that Inspired ( INSE ) had made a $370 million, or $10/share bid for the slot machine company.
- Inspired ( INSE ) said in a statement that on Friday that it doesn't comment on market rumors or speculation.
- The Inspired ( INSE ) offer follows comments from Inspired ( INSE ) CFO Stewart Baker said on the company's earnings conference call on Wednesday that the company was looking at a "number" of M&A opportunities.
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PlayAGS jumps after confirming $10/share bid from Inspired Entertainment