William Hill board rejects takeover proposal
Gaming duo plan substantially undervalues company, says board
British bookmaker William Hill has rejected a takeover proposal from Rank Group and 888 Holdings.
It issued a statement this afternoon in response to earlier reports of a £3.6 billion takeover bid.
William Hill said it had received an "unsolicited" and "highly conditional" proposal from Rank and 888, comprising 199p in cash as well as shares in a combined entity. The deal would result in William Hill shareholders owning 44.6 per cent of the combined group....
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