London-listed gaming operator William Hill has received approval to complete its acquisition of Stockholm-listed operator MRG.
William Hill said Monday that it has received approvals from competition authorities in all necessary jurisdictions, with MRG shareholders given a deadline of January 17th to accept the offer.
The company added that it expects to begin settlement on or around January 25th, 2019, subject to satisfying all conditions of the offer by January 21st, or an announcement that William Hill has otherwise resolved to complete the offer.
William Hill retains the right to extend the acceptance period for the offer, as well as the right to postpone settlement.
The company announced its bid to acquire MRG in October at a price of SEK69 per MRG share, valuing the business at up to £242m.
The acquisition is intended to strengthen William Hill’s international business and give it access to an international hub in Malta from which to drive international growth.
Shares in William Hill plc. (LSE:WMH) were trading up 0.95 per cent at 165.00 pence per share in London Monday morning.