William Hill To Buy Outstanding 5% Stake In Gambling Firm Mr Green (ALLISS)

LONDON (Alliance News) - Bookmaker William Hill PLC on Friday said it has agreed to acquire a ...

Alliance News 9 November, 2018 | 2:00PM
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LONDON (Alliance News) - Bookmaker William Hill PLC on Friday said it has agreed to acquire a 4.7% stake in Swedish firm Mr Green & Co AB as part of its cash offer.

William Hill has agreed to purchase 1.9 million shares - approximately 4.7% of all outstanding Mr Green shares - for SEK69 per share, approximately 585 pence.

This is the result of share acquisitions made via a forward purchase agreement with Citigroup Global Markets Ltd, William Hill's financial advisor and broker in the offer.

The news follows an announcement at the end of October, wherein William Hill declared its public cash offer to Mr Green shareholders of SEK69 per share.

Mr Green shareholders representing 40% of shares have already agreed to accept the offer, which is worth SEK2.82 billion in total. The acceptance period for this offer will likely run from December 10 to January 11.

Shares in William Hill were up 0.1% at 197.95 pence on Friday.

By Anna Farley; annafarley@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
William Hill PLC 181.50 GBX -0.27 -
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