International edition
September 29, 2020

The transaction has been approved by both companies

Advisors support Cash Systems and GCA merger

(US).- Cash Systems announced that Glass Lewis and ISS Governance Services, the two leading independent proxy advisors firms, have recommended that Cash Systems stockholders vote "FOR" the company’;s proposed merger agreement with Global Cash Access at its August 7, 2008 Annual Meeting of Stockholders.

A

s announced last June 16, Global Cash Access will acquire Cash Systems for total aggregate consideration of approximately us$ 33 million which includes amounts to be paid for all of Cash Systems’ issued and outstanding shares of common stock at us$ 0.50 per share, all of Cash Systems’ outstanding convertible promissory notes and warrants for us$ 21 million plus accrued but unpaid interest, and other transaction related expenses.

The Transaction has been approved by the boards of directors of both companies.

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