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Hills and GVC given more time to finalise Sportingbet bid

13th November 2012 8:40 am GMT

Britain’s Takeover Panel has granted William Hill and GVC Holdings a three week extension to finalise a possible bid for online gaming operator Sportingbet plc.Following an initial approach in September, the board’s of Sportingbet, William Hill and GVC Holdings reached agreement  on October 12th on a proposed offer valuing Sportingbet at approximately £530m or 61.1 pence per share. The proposed bid was comprised of 48.9 pence in cash, 1.1 pence dividend in cash and 0.0475 [...]

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