888 Holdings Secures Shareholder Approval for William Hill Acquisition
888 Holdings is poised to conclude its purchase of William Hill by June 30, 2022, having received overwhelming support from its investors.
The takeover, under discussion for approximately nine months, advanced significantly towards finalization after 888 stockholders voted decisively in favor of the agreement during a specially arranged shareholder assembly. Nearly all votes were cast in agreement, with a negligible 0.27% rejecting the action.
This clears the path for 888 to finalize the acquisition of William Hill’s continental operations, secured in September 2021 after surpassing competing bids with a £2.2 billion (or $2.7 billion) proposal.
This strategic maneuver is anticipated to generate rapid returns, with 888 forecasting the finalization of the William Hill assimilation by the close of July. Moreover, 888’s complete share capital will regain its premium listing position on the FCA’s Official List and recommence trading on the London Stock Exchange’s Main Market.
Lord Mendelsohn, 888 Holdings’ Non-Executive Chairman, conveyed his appreciation for the shareholders’ endorsement and their active involvement throughout the procedure.
This revolutionary amalgamation is projected to finalize before July. It’s an ideal pairing, uniting two sector titans and their remarkable portfolios. The outcome? A worldwide online wagering and gaming force.”
