888 aims to finalise its acquisition of William Hill by the end of June 2022 since the gaming operator’s shareholders approved the deal.
The shareholders agreed upon the proposed purchase during an Extraordinary General Meeting (EGM). They signed off on the takeover, with nearly 307 million votes (99%) in favour. Only 819,264, constituting 0,27%, said no, while a small percentage didn’t participate in the ballot.
888 won the auction for William Hill‘s European business back in September 2021, when it saw off all competition with a £2.2bn ($2.7bn) bid. With the shareholders’ agreement secured, the company is about to complete an almost nine-month-long saga, while it aims to finish the takeover by the end of next month.
This will come alongside the readmission of the company’s entire share capital on the premium listing segment of the FCA’s Official List and trade on the primary market of the London Stock Exchange.
Non-Executive Chairman of 888 Holdings, Lord Mendelsohn, stated: “We are delighted with the support of our shareholders for our proposed acquisition of William Hill and would like to thank them for their continued, constructive engagement part of this process. We look forward to completing this transformational acquisition at the end of June, creating a global online betting and gaming leader through combining two highly complementary businesses and two of the industry’s leading brands.”