The 888 shareholders were called to vote on the acquisition of William Hill May 16.
With this vote they will have to approve, or refuse, the acquisition by 888 of all activities not related to the United States of William Hill da Caesars Entertainment.
But let's go see immediately What these shareholders must accept or refuse, and especially What figures we are talking about with this acquisition.
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The proposal
In recent weeks we have already told you about it in this article of the intention of 888 to acquire all the non -American activities of William Hill, e Now the moment has also come when the shareholders are called to vote on May 16.
The purchase price offered to shareholders 888 to the vote on William Hill has recently been reduced by 297.9 million $ (250 million pounds), of which Ben 574.9 million pounds in cash.
The figures have recently been modified due to the macroeconomic and regulatory change in the sectornull Moreover, because at the moment the license of William Hill in the United Kingdom is being reviewed and therefore 100%not safe.
Despite the changes, however, 888 thinks that the agreement still makes sense. The reason is that the acquisition It would lead the holding to be the third operator listed on the stock exchange worldwide.
The data that 888 shareholders have called to the vote on William Hill
Among the various data in the hands of the shareholders of 888 called to the vote on William Hill on May 16 there are Both the costs and the future expectations of the company.
First of all, 888 expects to save over 100 million pounds before the end of 2025null This would happen By cutting marketing costs, licenses and moving all the company's activities on a property platform.
The shareholders also reported having received the financial details of the activities not USA by William Hill. Last year the general revenues are increased by over 7% (1.24 billion pounds) compared to 2022.
the international entrances of online activities instead went down 8% And it has been declared that most of the company revenues come from the regulated markets.
The declarations of the Board of Directors
The Board of Directors of 888 spoke on the call to vote of shareholders.
These are the words from the board: “The Board of Directors believes that The integration of the target group can be carried out without causing any material interruption of the operations below group 888 or target activity ".
