William Hill Takeover Of Mr Green Approved By All Jurisdictions

LONDON (Alliance News) - William Hill PLC said Monday its proposed takeover of Swedish bookmaker ...

Alliance News 7 January, 2019 | 10:22AM
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LONDON (Alliance News) - William Hill PLC said Monday its proposed takeover of Swedish bookmaker Mr Green & Co AB has received approval from competition authorities in all necessary jurisdictions.

FTSE 250-listed William Hill said the offer is now no longer conditional on approval from regulatory authorities.

The last day for Mr Green shareholders to accept the offer is January 17.

Shares in William Hill were up 1.0% Monday at 165.00 pence each.

William Hill agreed the GBP242 million takeover at the end of October. The offer, worth SEK2.82 billion, was at a 49% premium to Mr Green's closing price on Nasdaq Stockholm the day before the offer.

Mr Green's board recommended shareholders accept the offer, and shareholders representing 40% of its share capital have already said they will do so.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
William Hill PLC 139.10 GBX 2.05 -

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