william-hill-shares-rise-as-investor-rejects-merger-plan

bit.ly
William Hill shares rise as financier turns down merger plan
bet9ja.com
Shares in William Hill have actually risen after the wagering company's biggest investor stated it would oppose any merger handle Canada's Amaya.
bet9ja.com
Last weekend William Hill stated it remained in talk with merge with Amaya, which owns poker websites Full Tilt and PokerStars, in a potential ₤ 4.5 bn offer.
bet9ja.com
But Parvus Asset Management stated the merger had "restricted strategic logic" and would "destroy shareholder value".

Shares in William Hill - a FTSE 250 member - closed up 5% at 314.1 p.
bet9ja.com
Parvus said the wagering firm ought to think about other all alternatives to increase investor returns, including a possible sale.
bit.ly
Ralph Topping, who stepped down in 2014 after eight years as of William Hill, said he "completely supported" Parvus.

"When this promotion code bet9ja's welcome offer was revealed I was left scratching my head," he told the Financial Times, external. Both [Amaya and William Hill] have a lot to figure out in their own company. I'm really distressed on the future of William Hill."

Also on the FTSE 250, shares in Man Group jumped 13.7% after the world's greatest listed hedge fund stated it was purchasing investment supervisor Aalto, which handles property possessions worth $1.7 bn.
bet9ja.com
Man Group likewise reported a 6% rise in the value of funds under management throughout the 3 months to September and said it planned a $100m share buyback.

The blue-chip FTSE 100 index increased 35.81 indicate 7,013.55. Tesco was the greatest riser, up 4.41% to 203.7 p. The grocery store stated on Thursday night that it had fixed its rates row with supplier Unilever. Shares in Unilever were down 0.5%.
bet9ja.com
On the currency markets, the pound was trading at $1.2185, down 0.56%, versus the dollar.

Against the euro it was flat at EUR1.1083.
bet9ja.com
William Hill in ₤ 4.5 bn merger talks

9 October 2016
bit.ly