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Public Statement By William Hill On Takeover Talks
PUBLIC STATEMENT BY WILLIAM HILL PLC ON TAKEOVER REPORTS
William Hill PLC confirms that over the weekend it received a highly preliminary approach from 888 and Rank regarding a potential combination of the three companies.
The Consortium did not put forward a proposal or set out a position on price, timing, terms, form of consideration or transaction structure.
The Board of William Hill would listen to and consider any proposal which might be forthcoming from the Consortium. However, it is not clear that a combination of William Hill with 888 and Rank will enhance William Hills strategic positioning or deliver superior value to William Hills strategy which is focused on increasing the Groups diversification by growing its digital and international businesses.
As announced on Thursday, the Group will publish its half-year results for the 26 weeks to 28 June 2016 on Friday, 5 August.
As a consequence of the announcement by the Consortium on 24 July 2016, William Hill is now considered to be in an "Offer Period" as defined by the Code. Accordingly, William Hill is required to suspend share buybacks.
In accordance with Rule 2.6(a) of the Code, the Consortium is required, by not later than 5.00 p.m. on 21 August 2016 to either announce a firm intention to make an offer for William Hill in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
This announcement is being made without the approval of the Consortium.
The person responsible for arranging for the release of this announcement on behalf of William Hill is Philip Bowcock (interim William Hill CEO).
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PokerStars.CZ has launched in the Czech Republic -
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Sunbets to Sponsor Sutton United -
Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.
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First Woman to Win a WPT Playground Championship -
Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.
NHL Odds: Oilers-Blackhawks at the United Cente -
Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.
2017 Partypoker.net WPT Playground main event Results -
Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.
IGT In Deal With Norsk Tipping -
International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.
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