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Evolution Gaming Group AB (EVO) is acquiring Galaxy Gaming Inc. (GLXZ) for $124 million, including debt, to be paid in cash. The offer values Galaxy Gaming at $3.2 per share. This acquisition is seen as a bailout for Galaxy Gaming shareholders. EVO is putting some of that cash to work.
$GLXZ shareholders just got bailed out https://t.co/PWT1ajicCA
Gambling assets getting taken out left and right $AGS now $GLXZ https://t.co/RZlKkQ0phg
$EVO acquiring Galaxy Gaming for $124 mill, including debt, to be paid in Cash. Putting some of that cash to work! https://t.co/Qafs0ay3cr