Betting firm William Hill has obtained regulatory approval to purchase online group MRG (formerly Mr Green) for SEK2.82 billion.
The purchase was approved by all regulatory bodies in which the groups hold licenses and business operations, including Sweden, the UK, Ireland, Malta, Denmark, Italy, and more. The purchase comes in at a value of SEK69 per share, and the board of directors at MRG have recommended that the offer be approved by all common shareholders. The last day to accept the bid is January 17th, but it's expected that the offer will go through. If all goes as expected, the final purchase will be completed around January 25th.
If the deal goes through, MRG will be integrated into the William Hill umbrella, with an international hub being based in Malta and a UK team in Gibraltar.
We're following the story and will update readers as the purchase progresses.
Comments
Yeah, that would be a huge deal...and obviously it's about to go through.
I've been curios what's the value of the Mr Green brand in a currency I'm more familiar with than the Swedish krona and it's about $247 028 320..depending on the rate of course 😉