888 Holdings is poised to conclude its purchase of William Hill by June 30th, 2022, after receiving resounding support from its investors.
The amalgamation proposal garnered overwhelming backing at a recent shareholder assembly, with almost all investors voting in agreement. This resounding affirmation clears the path for the completion of an agreement that has been underway for the majority of the past year.
888 emerged triumphant in the contest for William Hill’s continental operations in September 2021, outdoing competitors with an attractive £2.2 billion (or $2.7 billion) bid.
The culmination is now within reach. With all essential authorizations secured, 888 expects the acquisition to be finalized by June’s end. This will signify a major turning point, with the unified company’s shares slated to be listed on the premium tier of the London Stock Exchange.
Lord Mendelsohn, 888’s Non-Executive Chairman, conveyed his appreciation for the investors’ steadfast backing throughout the procedure, highlighting their pivotal role in bringing this momentous transaction to completion.
The groundbreaking amalgamation is projected to conclude by June’s close. This union will combine two seamlessly compatible entities, along with their premier labels, to establish a dominant force within the realm of internet wagering and interactive entertainment.”
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