Flutter Entertainment Plc has disclosed that London activist fund Parvus Asset Management has built a 7.1% shareholding in the FTSE100 betting group. The activist’s shareholding was brought to the public’s attention, as Flutter informed investors that Parvus had reached its ‘7% threshold on voting rights’ that required disclosure to markets. Parvus’ 7.1% shareholding has been built by ‘way of equity …
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Activists move on William Hill’s strong US prospects
New York ‘activist hedge fund’ HG Vora Capital has acquired a 5.1% stake in William Hill Plc for a reported £115 million, reigniting speculation over the FTSE250 betting group’s future options. The investment fund, led by former Goldman Sachs VP Parag Vora, holds a successful track record in gambling having previously held a 5% shareholding in Caesars Entertainment, prior to …
Read More »William Hill changes investor make-up this March
London hedge fund Parvus Asset Management has reduced its stake in William Hill Plc to 4.9% (42.4 million shares) having previously held a 9.99% interest in the FTSE bookmaker. Completing a share sale this March, Parvus significantly reduces its equity in William Hill becoming the bookmaker’s fifth largest investor. Led by Danish financier Mads Eg Gensmann, Parvus has previously served …
Read More »No Deal…Parvus declares “no logic & no value” in William Hill-Amaya merger
London hedge fund Parvus Asset Management (Parvus) has publicly stated that it will not back the merger of William Hill and Amaya Inc, declaring that it sees ‘little strategic logic’ in the £5 billion ‘all-stock merger of equals’. Led by Danish financier Mads Eg Gensmann, Parvus is reported to be William Hill Plc’s largest investor owning approximately 14.3% of company shares. …
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