The acquisition of William Hill by 888 Holdings is nearing its conclusion, with a projected finalization date of approximately June 30th, 2022. This follows a resounding endorsement from 888’s shareholder base.
During a recent Extraordinary General Meeting, the proposed merger received near-unanimous approval, with over 99% of voting rights cast in favor. This overwhelming support effectively clears the last remaining obstacle for this significant acquisition, a process that has spanned roughly nine months.
888 emerged victorious in the contest for William Hill’s European operations back in September 2021, outbidding competitors with an offer of £2.2 billion (equivalent to $2.7 billion).
Armed with this decisive shareholder backing, 888 anticipates the William Hill acquisition will conclude by the close of the upcoming month. Post-acquisition, the entirety of the company’s share capital will be reinstated on the Premium Listing segment of the FCA’s Official List, and trading will resume on the London Stock Exchange’s primary market.
Lord Mendelsohn, serving as 888 Holdings’ Non-Executive Chairman, conveyed his appreciation for the shareholders’ unwavering support throughout the process and their enthusiasm for the combined entity’s future prospects.
The anticipation surrounds this transformative agreement, projected to finalize by June’s conclusion. The merger will unite two seamlessly compatible entities, each boasting premier labels, to establish a dominant international force within the realm of digital wagering and interactive entertainment.”