Betaville

William Hill shenanigans - part 2

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..