888 sees completion of William Hill intl deal in Q1 2022
888 Holdings (DI)
85.10p
16:40 18/03/24
3.91%
3.20p
Online gambling firm 888 Holdings said it expected its takeover of William Hill’s international business in early 2022 after receiving all mandatory clearances.
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The company said the deal should go through in the first quarter of next year, subject to satisfaction of remaining conditions, including a shareholder vote and the UK’s Financial Conduct Authority's approval of the re-admission of 888 shares to the premium listing segment of the Official List.
888 reiterated that it planned to raise around £500m via a capital raise - currently expected to occur before completion of the acquisition.