888 anticipates the completion of its purchase of William Hill by approximately June 30th.
With significant investor endorsement, 888 has affirmed that its takeover of William Hill is progressing towards a conclusion around June 30th, 2022.
During the company’s extraordinary general assembly (EGM), 888 stakeholders voted on the proposed merger, with the outcome revealing almost 307 million ballots cast in support. This represents over 99% of all votes submitted. Conversely, a mere 819,264 votes opposed the motion, constituting a scant 0.27%, alongside an additional 18,306 abstentions.
Crucially, obtaining investor consent signifies that this nearly nine-month-long acquisition process is nearing its final steps. 888 secured the winning bid for William Hill’s continental operations back in September 2021, outmaneuvering other contenders with a £2.2 billion ($2.7 billion) proposal.
This extensive effort is projected to bear fruit shortly; 888 foresees concluding the William Hill acquisition by the close of the upcoming month. Concurrently, the corporation will also relist its complete share capital on the Premium Listing category of the FCA’s Official List and resume trading on the London Stock Exchange’s Main Market.
Lord Mendelsohn, Non-Executive Chair of 888 Holdings, remarked: “We are pleased with the backing from our stakeholders for the William Hill acquisition and wish to express gratitude for their ongoing, constructive involvement throughout this endeavor.”
This transformative merger is projected to conclude by June’s close. It will unite two organizations that align impeccably – two prominent entities familiar to all. The outcome? An international powerhouse within the realm of internet wagering and interactive entertainment.”
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