William Hill’s largest shareholder has urged the company’s board and management to focus on maximising value for their own shareholders, rather than Amaya’s owners, describing the potential merger of the two businesses as a “value-destroying deal”.
Parvus Asset Management, which holds a 14.3 per cent interest in William Hill, said Thursday that it would actively oppose a proposal to merge William Hill and Amaya, and urged the company’s leadership to consider all alternative options for maximising [...]
