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

William Hill shares increase as investor turns down merger plan
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Shares in have actually risen after the yohaig code betting business's biggest investor stated it would oppose any merger handle Canada's Amaya.
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Last weekend William Hill said it was in talks to combine with Amaya, which owns poker sites Full Tilt and PokerStars, in a potential ₤ 4.5 bn deal.

But Parvus Asset Management stated the merger had "limited tactical logic" and would "ruin shareholder value".
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Shares in William Hill - a FTSE 250 member - closed up 5% at 314.1 p.

Parvus stated the yohaig code wagering firm needs to think about other all options to maximise shareholder returns, including a possible sale.
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Ralph Topping, who stepped down in 2014 after 8 years as chief executive of William Hill, stated he "totally supported" Parvus.

"When this promotion code deal 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 organization. I'm extremely distressed on the future of William Hill."
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Also on the FTSE 250, shares in Man Group leapt 13.7% after the world's most significant noted hedge fund said it was buying financial investment supervisor Aalto, which manages residential or commercial property possessions worth $1.7 bn.
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Man Group likewise reported a 6% rise in the value of funds under management throughout the three months to September and said it prepared a $100m share buyback.
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The blue-chip FTSE 100 index increased 35.81 points to 7,013.55. Tesco was the greatest riser, up 4.41% to 203.7 p. The supermarket stated on Thursday night that it had resolved its pricing row with provider Unilever. Shares in Unilever were down 0.5%.
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On the yohaig code currency markets, the pound was trading at $1.2185, down 0.56%, against the dollar.

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

9 October 2016