William Hill is once again at the center of merger talks, but this time the organization’s largest shareholder wants it to be the goal of a takeover.
William Hill is allegedly back on the trading blocks after the company’s chief stakeholder reportedly called for the group to find a buyer that is potential.
Parvus Asset Management, a London-based hedge fund that controls 14.3 percent associated with the UK bookmaking and gambling company, is reportedly pushing William Hill to accept a takeover that is qualified.
According to The Sunday days, A british weekend newspaper, Parvus thinks William Hill should turn to be acquired by, or merged with, another leading gambling firm that is online. Possible suitors include GVC Holdings, as well as 888 Holdings additionally The Rank Group, the two latter which attempted to purchase William Hill summer that is last.
Both Parvus and William Hill declined to comment, but conjecture is operating rampant in britain due to the hedge investment’s considerable power.
Launched in 1934 by the company’s namesake, William Hill today employs some 16,000 people. The bookmaker has 2,370 physical betting shops across the UK, which compliments its online gaming network.
Up to Parvus
It ended up being just last October that the investment group publicly blasted William Hill’s potential aligning with Amaya, the Canadian-based business that owners PokerStars.
Parvus stated at the time, ‘We h 继续阅读“William Hill’s Largest Shareholder Demands Sale of Gambling Company”