888 Confirms Takeover Approach by William Hill

Sun, Feb 15, 2015

British bookmaker William Hill has approached 888 Holdings about a possible takeover bid, though no formal offer has been made. The news boosted 888 stock.

888 Holdings Plc says it received an approach from William Hill about a possible takeover.

The confirmation does not mean a formal offer will be made, but the statement on the approach to the London Stock Exchange boosted shares of 888 Holdings 18 percent.

 No financial details were disclosed.

William Hill is working with Citigroup Inc. as it evaluates a possible offer, Bloomberg News reported citing an unnamed source.888 is advised by Investec Bank Plc and Morgan Stanley.

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