The Shaked Family the largest shareholders in 888 Holdings, have earned a reported £108 million by selling 40 million shares in the FTSE250 listed online gambling group. The family executed its share sale last week at a value of £2.70 per share and will see the combined Shaked shareholding reduced to 37% of equity. Israeli business news sources report that …
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Eyal Shaked accuses William Hill governance of ‘Pure Ego’ in its takeover rejection
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 …
Read More »Ben-Yitzhak family sells £57 million stake in 888 Holdings
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 …
Read More »888 eyes potential acquisitions for sports betting boost
Speaking to the Daily Telegraph 888 CEO Brian Mattingley has stated that company governance is on the lookout for potential acquisitions to boost its sports betting division and to replace lost earnings caused by Point of Consumption (POC) duty impacts. Mattingley who had turned down an acquisition offer from William Hill at the start of 2015, had on Tuesday announced …
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