19th Nov 2020 18:10
(Alliance News) - Gambling firm William Hill PLC on Thursday said its shareholders have voted in favour of the FTSE 250 company's acquisition by US gaming group Caesars Entertainment Inc.
87% of shareholders voted in favour of the acquisition at the court meeting and general meeting.
Under the terms of the agreement, Caesars will pay 272 pence for each William Hill share, valuing the company at USD2.9 billion.
Looking ahead, Caesars said it expects to obtain all necessary competition and regulatory approvals in the second quarter of 2021, and the acquisition is now subject to that as well as the upcoming scheme court hearing.
Shares in William Hill closed up 0.5% at 268.10 pence on Thursday in London.
By Dayo Laniyan; [email protected]
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