Monday 20 November 2017

William Hill and 888 end takeover talks

Online gambling company 888 Holdings said discussions concerning a takeover by Britain's biggest bookmaker William Hill had ended after talks broke down over price with a key stakeholder.

888, whose shares had jumped more than 20 percent last week after talks between the two companies were confirmed, said on Monday it had discussed a possible recommended offer from William Hill valued at 200 pence plus a 3p dividend per share.

"Due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement on the terms of a possible offer and the board of the company has agreed with William Hill to terminate discussions," 888 said.

Reuters

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business