William Hill extends acceptance period in MRG offer
The company has extended the acceptance period to MRG shareholders by four working days.
UK.- William Hill has revealed that the acceptance period for Mr Green (MG) shareholders over an offer to acquire the company to boost digital business has been extended. The period will start on December 10 and end on January 17, 2019.
The company said that if the review by regulators takes longer than anticipated and the approvals are not obtained, they are willing to extend the acceptance period once again. If the plans go as smoothly as expected, it is estimated that the settlement will begin after the third week of January.
The acquisition is expected to be accretive to earnings from the first full year of ownership before synergy benefits, and achieve returns above William Hill’s cost of capital. It would also give William Hill access to an international hub from which to drive international growth together with deeper operational expertise in new markets.
“The combination of William Hill and MRG will create a strongly positioned combined business with an expanded pan-European footprint in faster-growing online betting and gaming markets, further supported by the existing William Hill Online and Retail businesses in the UK and the US,” said the company through a statement released in late October.
