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Asia – Angel completes acquisition of Gaming Partners

By - 2 May 2019

Gaming Partners International has now completed the closing of the previously announced merger contemplated by the Agreement and Plan of Merger, dated as of November 27, 2018, with Angel Holdings Godo Kaisha and AGL Nevada Corporation, pursuant to which GPIC became a wholly owned subsidiary of Angel.

GPIC stockholders are entitled to receive $13.75 in cash, without interest, for each share of GPIC common stock that they held immediately prior to the effective time of the merger and will receive letters of transmittal and forms with instructions on how to claim their cash payment of $13.75 per share.

As a result of the merger, GPIC is now a privately held company. As previously announced, trading of GPIC common stock on NASDAQ was suspended after the close of trading on May 1, 2019, and NASDAQ filed a notification of removal of listing and registration on Form 25 with the United States Securities and Exchange Commission (“SEC”) with respect to GPIC’s common stock. GPIC intends to deregister its common stock and to suspend its reporting obligations under the Securities Exchange Act of 1934, as amended, by promptly filing a Form 15 with the SEC. Further, GPIC will no longer hold an annual meeting of stockholders. The 2019 annual meeting of stockholders, which was anticipated to be held on or about May 23, 2019, will not be held.

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