Gaming Partners International Corporation today announced the completion of the closing of the merger with Angel Holdings Godo Kaisha, which will turn GPIC into a wholly-owned subsidiary of Angel.
According to a press release from GPIC, 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.
As a result of the merger, GPIC is now a privately-held company, meaning that the stock will no longer be traded on the stock exchange, and its 2019 annual general meeting will not be held.
The company manufactures and supplies casino table game equipment to licensed casinos worldwide, under the brand names of Paulson, Bourgogne et Grasset, Gemaco, Dolphin and Bud Jones.
Angel manufactures and supplies playing cards and card games for both the gaming industry and the retail market.
Angel’s many groundbreaking innovations include the best-selling Angel Protect Pre-shuffled Cards, and the Angel Eye series of electronic shoes.
Angel’s principal business office is located in Kyoto, Japan, with manufacturing facilities in Japan and Singapore. Angel also has offices in the United States, Macau, Australia and the Philippines.