This Week in Gambling: Major buyout and justice department payoff
8 Oct 2020
Caesars Entertainment has said that it and William Hill have agreed on the terms of a recommended offer for the U.K. betting company that values it at 2.9 billion pounds ($3.73 billion), as announced Monday. This ensures the Caesars William Hill buyout is a done deal.
Under the offer accepting William Hill shareholders will get 272 pence in cash for each share held, a 25% premium to Thursday's closing share price of 217.60 pence, the day before William Hill said that it had received the approach.
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