The boards of publicly listed gaming operators William Hill, GVC Holdings and Sportingbet have agreed to a revised  proposal that would see William Hill and GVC acquire the entire share capital of Sportingbet at a price of 56.1 pence per share.

The revised offer of 56.1 pence is lower than the previously announced indicative offer of 61.1 pence per share, and follows last week’s publication of Sportingbet’s results for the first financial quarter ended October 31st, which revealed a 35 per cent drop in revenues.

 

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