William Hill in preliminary discussions with Probability
19 Sep 2011
ENGLAND AND GILBRALTAR -- William Hill is in "preliminary takeover discussions" with Gibraltar-based Probability, a mobile gambling company, according to the Evening Standard.New disclosure rules mean that any company receiving an approach has to declare such to the stock market, the report explained.
Also any company seeking to takeover has 28 days to make a "formal offer", therefore William Hill will have until Oct. 17, 2011 to make an offer on Probability, the Evening Standard reported.