SEARCH NEWS:

 

Advisors support Cash Systems, GCA merger

LAS VEGAS, Nevada -- (PRESS RELEASE) -- Cash Systems, Inc. (NASDAQ: CKNN) (the "Company") today 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 ("GCA") (NYSE: GCA) at its August 7, 2008 Annual Meeting of Stockholders.

As announced on June 16, 2008, GCA will acquire Cash Systems for total aggregate consideration of approximately $33 million which includes amounts to be paid for all of Cash Systems' issued and outstanding shares of common stock at $0.50 per share, all of Cash Systems' outstanding convertible promissory notes and warrants for $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.

< Gaming News