16th Feb 2015 07:27
LONDON (Alliance News) - 888 Holdings PLC on Monday said it has terminated talks with William Hill PLC about a possible takeover after it failed to come to terms with a key shareholder.
888 last week said it had received an approach from FTSE 250-listed William Hill to acquire 888 for 200 pence plus a 3 pence dividend per share.
But 888 said that owing to a "significant difference of opinion on value with a key stakeholder", it has been unable to reach an agreement and has terminated the talks with William Hill.
"The company is in good health and continues to trade comfortably in line with expectations. The company will announce its full year results on March 24, 2015 and the board of the company looks forward to the future with confidence," said 888 Chief Executive Officer Brian Mattingley.
By Sam Unsted; [email protected]; @SamUAtAlliance
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