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888 shares surge on revised acquisition agreement with Caesars

7th April 2022 9:04 am GMT
William Hill

Shares in 888 Holdings jumped by close to 30 per cent in London Thursday morning after the company announced that it has renegotiated the terms of its proposed acquisition of William Hill’s non-US business from Caesars.

888 has agreed to pay a cash consideration of £584.9m to acquire the business, down from the previously agreed £834.9m payable at closing, alongside £100m in deferred consideration payable in 2024, subject to the enlarged group achieving a minimum level [...]

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