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Fight Not Over For William Hill Acquisition

ACQUSITION FIGHT FOR WILL HILL NOT OVER YET
 
888 and Rank mount media and shareholder campaign, indicate still open minded on consideration.
 
William Hill plcs rejection of the GBP 3.16 billion 888-Rank acquisition bid this week has not deterred the bidders, who embarked Wednesday on a campaign to progress the venture, intimating that they remain open minded on pricing and laying out a raft of merger advantages in a detailed explanatory statement clearly aimed at shareholders .
 
The 888-Rank alliance called for further talks in order to create what they claim will be "the UKs largest multi-channel gambling operator by revenue and profit", with 92 percent of its business from regulated markets.
 
Their offer envisages Will Hill shareholders retaining 44.7 percent of the enlarged company, 888 shareholders 44.7 percent and Rank investors 29.6 percent.
 
Ranks chief executive Henry Birch would become CEO of the new group and Itai Frieberger, current 888 chief exec, CEO of Digital operations.
 
Birch took to the UK press to promote further "friendly" talks on the summarily rejected offer, telling The Telegraph newspaper that the bidders were prepared to consider lifting their initial bid and claiming that the advantages of a merger and the GBP 100 million in savings possible are "blindingly obvious."
 
He claimed that the merger would create the UKs biggest multi-channel operator with massive potential for success.
 
Meanwhile, Frieberger commented: “The price is something that we can always discuss.”
 
However, William Hill chairman Gareth Davies remained dismissive, reiterating his view that "the board continues to see no merit in engaging on the basis of a proposal that substantially undervalues the group. In addition, as we have said before this proposal is highly opportunistic, complex and poses significant risk for our shareholders.”
 
Earlier in the day 888 principal shareholder Eyal Shaked appeared to take a more angry and frustrated approach to the William Hill rejection, taking to Twitter to opine:
 
"“Pure ego made #WilliamHill reject #Rank and #888 £3.16bn bid and that will be their downfall. Thats the last I want to hear about #888 shareholders not willing to go big.”
 
Our readers may recall that William Hill blamed its failure to acquire 888 last year for GBP 700 million on a major 888 shareholders contention that the valuation was too low, and Shaked referred to this in a further tweet, commenting:
 
“Last year it was ‘key shareholder opting for higher returns’, now it’s an opportunistic offer. See you next year...”



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$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

Historic weekend at Americas CardRoom - ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.

WPN Affiliates Headed to Berlin Affiliate Conference - With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.

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