Tag Archives: 888 Holdings

A morning of high industry M&A drama has seen William Hill’s board reject the revised consortium takeover offer put forward by Rank Group and 888 Holdings. The new offer presented to William Hill governance on Sunday would see 888 act as the acquiring entity for the ‘BidCo’ consortium. William Hill investors would be offered 199 pence in cash and 0.860 BidCo …

Rank Group and 888 Holdings pursuit of William Hill is expected to heat up this week, as consortium stakeholders are expected to make a fresh bid to seduce William Hill governance into opening negotiations. This weekend, UK business news sources have reported that Rank and 888 governances have been reviewing the 364p per share offer (value circa £3.2-3.3 billion), which …

Pure ego made #WilliamHill reject #Rank and #888 £3.16bn bid and that will be their downfall. https://t.co/51roD63iI9 — Eyal Shaked (@Eshaked) August 9, 2016 Eyal Shaked, the son of 888 Holdings Co-founder Avi Shaked has taken to Twitter criticising William Hill governance of ‘Pure Ego’ for rejecting the Rank and 888 consortium bid of 364p per share takeover offer (value …

Following the rejection of its £3.3 billion takeover offer by the William Hill board, on the grounds that its proposed bid ‘substantially undervalued’ its business. The Rank Group and 888 Holdings consortium have called for direct talks with William Hill governance, outlining the case for its three-way merger. Seeking to appeal to William Hill investors, Rank and 888 have today …

The strategic Rank Group and 888 Holdings consortium has declared its intent to takeover William Hill proposing a formal offer of £3.6 billion for the FTSE-listed operator. Updating the market Rank and 888 governances have proposed an initial 364p per share offer for William Hill, as deal stakeholders look to create another UK betting industry giant. The Financial Times, reports …

Updating the market this morning, William Hill governance has stated that it will ‘listen to and consider’ any formal takeover offer put forward by the Rank Group and 888 Holdings consortium. At present, William Hill governance has confirmed that it has received ‘a highly preliminary approach from 888 and Rank’, regarding a potential three-way merger. The operator has further informed …

Detailing further insight as to why James Henderson was ousted as Chief Executive of William Hill, Gareth Davis Chairman of the company stated that digital performance had not met board expectations. Speaking to UK business news sources, Davis detailed that William Hill’s in-house led development strategy for its mobile and digital platforms (Project Trafalgar) had met several difficulties which had …

The Sunday Times has reported that the governances of Rank Group and 888 Holdings have entered ‘relatively advanced’ negotiations to form a £2 billion merger. Rank and 888 governances are expected to issue market updates on Monday outlining merger discussions, as the UK gambling industry sees further consolidation. As yet, little is known of how the merger transaction will be …

The Financial Times (FT.com) has reported that 888 co-founders the Ben-Yitzhak brothers have sold a £57 million stake in the FTSE-listed operator The sale sees the Ben-Yitzhak family trust reduces its equity in 888 Holdings Plc from 10.4% to just below the 3% disclosure threshold. The FT reports that the Ben-Yitzhak shares were placed on the market via Wealth Management …

Presenting its audited full-year 2015 results (period ending 31 December 2015), the governance of FTSE listed igaming operator 888 Holdings (888) has described 2015 corporate performance as resilient in facing imposed regulatory impacts. Outlining 2015 core metrics, 888 would post group revenues of $462 million (£320 million), 2% up on 2014’s $455 million. The operator noted that on a like-for-like …