William Hill's bid to join online gaming is sunk by its major shareholer

William Hill's bid to join online gaming is sunk by its major shareholer
 

The FTSE 250 bookmaker pulled the plug less than a week after a scathing attack by its biggest investor, 14.3 per cent holder Parvus Asset Management, which accused management of “wasting valuable time and shareholder resources pursuing a value destroying deal”.
Hill, led by interim chief executive Philip Bowcock, has been exploring ways of growing its international and digital businesses and had argued a tie-up with Amaya would create a “clear international leader across online sports betting, poker and casino”.
But it was forced to pull the plug, adding: “After canvassing views from a... read more

 
18 October 2016 in Business, Views: 43
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