On May 16th 888 shareholders will have a vote on whether or not to approve of 888 Holdings' purchase of William Hill's non-US assets, which was announced last year at a price of £2.2 billion.
Shareholder approval is required as the non-US assets of William Hill is larger than 888's business holdings. The deal was agreed to by 888s board, and would make the company the third-largest publicly traded online gambling company in the world. 888 claims the purchase would help it expand in sportsbetting and would create cost-savings of £100 million by 2025 and help it expand its business to new areas.
Shareholders can vote by proxy by submitting their selection to the company by May 11th.
If the deal is approved it will see the merger come forward and be completed shortly thereafter.
Casino Listings News is following the story and will update readers as we learn more.
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| William Hill Casino | Gibraltar, U.K. |
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