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....
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team