William Hill Confirms Separate Takeover Proposals From Apollo, Caesars

The board of William Hill (WIMHY) notes the recent press speculation regarding a possible offer for the company. It confirms that it has received separate cash proposals from Apollo Management (APO) and and Caesars Entertainment (CZR).

Following an initial written proposal from Apollo on August 27, William Hill received a further proposal from Apollo and proposals from Caesars, the company said in a statement.

Discussions between William Hill and the respective parties are ongoing, it added. Each of Apollo and Caesars are required, by not later than 5.00 p.m.

London time on October 23, to either announce a firm intention to make an offer for William Hill or announce that they do not intend to make an offer, the company added.

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William K. 9 months ago Member's comment

OK, so now the Caesar's empire would grow. Interesting.