William Hill shenanigans - part 2

Wednesday, 10 August 2016, 4:06 pm

Here is more evidence that "people familiar with the matter" were talking utter codswallop when briefing journalists a couple of weeks ago that my scoop in The Sunday Times wasn't "quite right" because Rank and 888 Holdings weren't talking about a merger ahead of a bid for William Hill.

In today's statement Rank and 888 said:

o 888 and Rank to come together via an all-share merger, with Rank shareholders receiving 1.086 new 888 shares for each Rank share held

o William Hill to be acquired for cash and new 888 shares..


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