The deal is to close in July
Global Cash Access acquiring Cash Systems for us$ 33 million
2008-06-19
Reading time 16 seg
Cash Systems shareholders will receive 50 cents per share in cash, a 4 percent premium over Friday’s closing price of 48 cents.
Global Cash Access will add about 120 new customers through the acquisition of Cash Systems, which provides cash access services for the retail and gaming industries.
The acquisition will increase Global Cash Access’ operating income in 2009 and te deal is expected to close in July.
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