A move by William Hill to covert its preference shares in NYX Gaming Group to ordinary shares has sparked a dispute between the partners.

William Hill has requested that its £80m in preference shares in NYX, issued in connection with NYX's acquisition of OpenBet, be converted into 40,723,339 ordinary shares by December 4th, based on a conversion price of CAD$3.67 per share. 

The December 4th deadline is significant because NYX shareholders will be voting on whether to accept the acquisition offer by Scientific Games on December 11th, with December 8th being the record date for voting.

Premium subscribers continue here to the full article.