Caesars Makes £2.9bn Bid For William Hill

  • Caesars told Apollo it could approve list of potential buyers
  • Caesars could sell or seek partners for non-US operations
  • Company seeks equity raise to funds for acquisition

William Hill has said it is in "advanced discussions" with Caesars Entertainment over a possible offer, at a price less than shares closed at on Friday, after takeover talks with Caesars and Apollo Global were disclosed.

The cash offer would value William Hill at 272 pence or £2.9bn, a level at which board members said they would be "minded to recommend" to William Hill shareholders, the companies said on Monday in a joint announcement.  

Any deal would be closed in late 2021, the companies said.

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