Caesars Expects US Clearance For William Hill Buy As Early As March

(Alliance News) - William Hill PLC on Tuesday said Caesars Entertainment Inc continues to expect ...

Alliance News 29 December, 2020 | 9:18AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - William Hill PLC on Tuesday said Caesars Entertainment Inc continues to expect regulatory clearance for its acquisition of the UK gaming firm by the second quarter of 2021.

In September, US gambling resorts operator Caesars said it reached an agreement to acquire FTSE 250-listed William Hill for GBP2.9 billion, with Caesars to pay 272 pence for each William Hill share under the terms of the deal.

Shares in William Hill were trading 0.2% higher at 270.60p each on Tuesday morning in London, giving it a market capitalisation of GBP2.84 billion.

In November, 87% of William Hill shareholders voted in favour of the acquisition.

On Tuesday, William Hill said Caesars currently expects that the remaining approvals required to be obtained from the relevant US gaming authorities will be obtained in time to allow completion to occur early in the second quarter of 2021 but possibly as early as March.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
William Hill PLC

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures