GPI gets bought out (2 Viewers)

[Psypher1000]

https://www.marketwatch.com/press-release/angel-to-acquire-gpic-2018-11-27

 

[mrplacey]

So.. you're saying Paulsons are coming back onto the market?

 

[colter ripton]

This better not be a group buy.

 

[Kain8]

What will this mean?

 

[justsomedude]

Wow.

 

[ThinkingFold]

This better not be a group buy.

This better be a group buy. PCF owned GPI for the win!

 

[gopherblue]

Whoa. Will be interesting to see whether they open the retail market.

 

[ABC Gifts and Awards]

$110 million?! Hey Angel...look this way please!

 

[nitzilla]

Angel card prices will drop probably......?!

 

[Darson]

The merger agreement provides for a "go-shop" provision under which, subject to certain limitations and conditions contained in the merger agreement, GPIC and its board of directors may actively solicit, receive, evaluate and potentially enter into negotiations with parties that offer alternative proposals to the proposed merger transaction until February 2, 2019.

OK, so we have until Feb 2nd to round up more than $110MM and buy GPI ourselves. GoFundMe?

 

[Schmendr1ck]

I read the article, which mentioned "Angel Eye Electronic Shoes." I momentarily WTF'd before I realized they were talking about card shoes and not the kind of shoes you wear on your feet.

In for $20 if we're doing a GoFundMe to beat the current bid.

 

[BGinGA]

The in-progress Star Enterprises offer is a private venture -- not a group buy.

 

[Coyote]

I read the article, which mentioned "Angel Eye Electronic Shoes." I momentarily WTF'd before I realized they were talking about card shoes and not the kind of shoes you wear on your feet.

In for $20 if we're doing a GoFundMe to beat the current bid.

You (and each of the 4,000smth rest of us) should be in for $27,500. Notable members could buy in for double that, though, limiting to themselves only access to 8A18 edge spots

 

[WedgeRock]

Maybe @Tommy is behind this as part of the 2019 site upgrade...

 

[justsomedude]

What will this mean?

I'm guessing probably not much beyond a corporate restructuring.

 

[saleen121212]

Interesting

 

[Rhodeman77]

The in-progress Star Enterprises offer is a private venture -- not a group buy.

I hope the funds are being sent on one of the Star ships. :

 

[WedgeRock]

Angel's principal business office is located in Kyoto, Japan, with manufacturing facilities in Japan and Singapore.

So, based on what they do with dog food, is it safe to assume that leaded Paulsons are coming back?

 

[justsomedude]

So, based on what they do with dog food, is it safe to assume that leaded Paulsons are coming back?

Wish the laugh-like button was available!

 

[justsomedude]

I wonder what the negotiations were like...

ANGEL: "Any other markets or revenue streams we need to be aware of?"

GPI: "There's this small group of lunatic chip collectors who made a cruise line and bought almost a half-million dollars of poker chips from us."

ANGEL: "Where do we sign?"

 

[dew4au]

Wow, for $110M. In my mind GPI was valued higher than that...

 

[justsomedude]

Wow, for $110M. In my mind GPI was valued higher than that...

And that's a 70% premium on their market cap. value from just 24 hours ago, which was $65M.

 

[RowdyRawhide]

And that's a 70% premium on their market cap. value from just 24 hours ago, which was $65M.

WOW!!

 

[BPTDirector]

The in-progress Star Enterprises offer is a private venture -- not a group buy.

I hope I'm 'in' this time.....

 

[guyfleegman]

Seems intriguing.
Keeping an eye on this.

 

[Forty4]

 

[RowdyRawhide]

View attachment 222491

I noticed that as well....fingers crossed

 

[Davism72]

... made a cruise line and bought almost a half-million dollars of poker chips from us."

What's the story here?

 

[WedgeRock]

 

[markleteenie]

In most instances it probably means nothing. But it would be sweet for them to cater back to the custom Paulson home market.