William Hill Agrees ₤ 2.9 Bn Takeover
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William Hill concurs ₤ 2.9 bn takeover by Caesars Palace owner
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Caesars Entertainment, the Las Vegas casino-owner, has actually struck a ₤ 2.9 bn deal to take control of UK wagering firm William Hill.
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The boards of the yohaig code US company and William Hill concurred a cash deal of 272p a share subject to shareholders voting in favour.
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US private equity firm Apollo had likewise tried to take over William Hill.
But Caesars said that if the UK business selected Apollo, it would jeopardise a joint venture in between them.
Caesars owns a 20% stake in William Hill's US operations, which likewise have special rights to operate sports wagering under the Caesars brand.
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The US company, which owns Caesar's Palace in Las Vegas, is especially thinking about William Hill's US bookmaking company which currently has 170 retail websites in 13 different states.
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In August William Hill stated it would not be reopening 119 of its UK High Street wagering shops after the coronavirus shutdown, stating it did not expect clients to return in the numbers seen before the pandemic.
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William Hill stated its directors would "unanimously and unconditionally" advise that investors accept the bet9ja's welcome offer.
the yohaig code Caesars Palace owner means to discover other owners for William Hill's non-US services, including its more than 1,400 stores.
It stated it would integrate the US organization into Caesars with very little task cuts.
The contract comes not long after William Hill stated it was inclined to recommend Caesars' bet9ja's welcome offer.
Roger Devlin, chairman of William Hill, stated: "the yohaig code William Hill board believes this promotion code is the yohaig code best choice for William Hill at an attractive price for shareholders."
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Caesars chief executive Tom Reeg said: "The chance to combine our land based-casinos, sports wagering and online video gaming in the US is a really exciting prospect."
Caesars Palace-owner tables ₤ 2.9 bn William Hill quote
28 September 2020
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