bet9ja.com
William Hill shares rise as merger plan
Shares in William Hill have risen after the wagering company's largest investor stated it would oppose any merger deal with Canada's Amaya.
bet9ja.com
Last weekend William Hill stated it was in talk with combine with Amaya, which owns poker sites Full Tilt and PokerStars, in a prospective ₤ 4.5 bn deal.
But Parvus Asset Management stated the merger had "restricted tactical logic" and would "ruin investor value".
bit.ly
Shares in William Hill - a FTSE 250 member - closed up 5% at 314.1 p.
Parvus stated the yohaig code wagering company needs to consider other all choices to increase investor returns, consisting of a possible sale.
bit.ly
Ralph Topping, who stepped down in 2014 after eight years as primary executive of William Hill, said he "completely supported" Parvus.
"When this promotion code offer was revealed I was left scratching my head," he told the Financial Times, external. Both [Amaya and William Hill] have a lot to figure out in their own organization. I'm very distressed on the future of William Hill."
Also on the FTSE 250, shares in Man Group leapt 13.7% after the world's biggest noted hedge fund stated it was purchasing investment supervisor Aalto, which manages home assets worth $1.7 bn.
Man Group also reported a 6% rise in the yohaig code worth of funds under management throughout the three months to September and stated it planned a $100m share buyback.
bet9ja.com
The blue-chip FTSE 100 index increased 35.81 indicate 7,013.55. Tesco was the most significant riser, up 4.41% to 203.7 p. The supermarket stated on Thursday night that it had actually fixed its prices row with supplier Unilever. Shares in Unilever were down 0.5%.
bit.ly
On the currency markets, the pound was trading at $1.2185, down 0.56%, against the dollar.
bet9ja.com
Against the euro it was flat at EUR1.1083.
bet9ja.com
William Hill in ₤ 4.5 bn merger talks
9 October 2016
1
William Hill Shares Rise As Investor Rejects Merger Plan
malloryalley8 edited this page 2 months ago