888 Holdings is chilling the bubbly as it eagerly awaits the finalization of its purchase of William Hill. With investors giving a resounding green light, the transaction is projected to conclude around June 30th, 2022.
The investor ballot, conducted at an extraordinary general assembly, witnessed almost 307 million shares cast in support of the acquisition, signifying over 99% of the overall votes. This massive backing clears the path for the concluding act in a story that has unfolded over nearly nine months.
888 initially arose as the champion in the contest for William Hill’s continental operations back in September 2021, surpassing competitors with a £2.2 billion (roughly $2.7 billion) proposition.
Looking ahead to the present, the culmination is within reach. 888 anticipates concluding the acquisition by June’s end, signifying a major turning point for the enterprise. This will be succeeded by the reinstatement of the company’s complete share capital to the premium listing segment of the FCA’s Official List, with trading resuming on the London Stock Exchange’s Main Market.
Lord Mendelsohn, Non-Executive Chair of 888 Holdings, conveyed his appreciation to the shareholders for their steadfast backing throughout the endeavor.
This transformative consolidation is projected to conclude by June’s close. It’s an ideal pairing, uniting two sector frontrunners with significant collaborative potential. The outcome? A worldwide online wagering and gaming force.”
