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CKNN Cash Systems (MM)

0.498
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cash Systems (MM) NASDAQ:CKNN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.498 0 01:00:00

Glass Lewis and ISS Recommend That Cash Systems, Inc. Shareholders Vote "For" Merger

07/08/2008 1:47am

Business Wire


Cash Systems (MM) (NASDAQ:CKNN)
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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. About Cash Systems Cash Systems, Inc., located in Las Vegas, with an additional office in Burnsville, MN, is a provider of cash-access and related services to the retail and gaming industries. Cash Systems' products include its proprietary cash advance systems, ATMs and check cashing solutions. Please visit www.cashsystemsinc.com for more information.

1 Year Cash Systems (MM) Chart

1 Year Cash Systems (MM) Chart

1 Month Cash Systems (MM) Chart

1 Month Cash Systems (MM) Chart