London-listed betting and gaming operator William Hill has initiated the compulsory acquisition of the remaining shares in Mr Green & Co (MRG).

The company confirmed that it now controls 98.5 per cent of the shares and votes in MRG following the announcement of its recommended public cash offer last October.

At the end of the extended acceptance period that ended on 31 January, William Hill controlled 83.9 per cent of MRG after 34,253,191 shares were tendered in the offer.

William Hill also acquired 5,994,208 shares in the market, corresponding to a 14.7 per cent stake in MRG, bringing the total to 98.5 per cent of the business.

The company has now initiated compulsory acquisition of the remaining shares in MRG, with the last day of trading in MRG’s shares on Nasdaq Stockholm expected to be 15 February.

Settlement to those shareholders who have accepted the offer during the extended acceptance period is expected to commence around 8 February.

Shares in William Hill plc (LSE:WMH) were trading marginally down by 0.85 per cent at 180.20 pence per share, while shares in Mr Green & Co AB (STO:MRG) were trading at SEK68.21 in Stockholm.

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