Caesars Entertainment revises agreement to sell William Hill non-US assets to 888
7 Apr 2022
After the repayment of debt and other working capital adjustments and subject to customary closing purchase price adjustments, Caesars expects to receive net proceeds from the transaction at closing of approximately £585 million or $785 million.
The transaction is subject to receipt of the approval of shareholders of 888 Holdings Plc and regulatory approvals. Caesars' expectation is that the transaction should close in June 2022.
Deutsche Bank and Linklaters LLP represented Caesars on the transaction.