William Hill Has Issues With Scientific Games/NYX Merger

UK gaming group William Hill revealed this week that they have contractual concerns related to the purchase of the NYX Gaming Group by Scientific Games, which stems from the agreement it made to allow NYX to purchase OpenBet.

The company said it will be looking into the purchasing agreement it made with NYX to see if the purchase by Scientific Games violated the terms of the deal. They haven't said what they'll do if they do if they conclude the deal was violated. Part of the purchase saw William Hill getting shares in both NYX and NYX Digital Gaming.

Speaking about the matter a William Hill spokesman said, "William Hill confirms that it has issued a conversion notice to convert its holding of convertible preference shares and has commenced legal action in order that it may also vote such shares at the special meeting of shareholders. William Hill does not wish to make any further comment on those proceedings at this time, other to confirm that it will continue to act in the best interests of its shareholders."

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bgsharpe
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14 November 2017 - 8:19am
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...it will continue to act in the best interests of its shareholders."

That should be the main aim for all companies, isn't it?

So William Hill wanting a piece of NYX while they too are "threatened" by acquisition from a bigger players on the market, interesting moves these days but I guess this is the way the business works in general...