The Presenter Shareholder William Hill Refused To Deal With Amaya
Key shareholder of the bookmaker william hill – parvus asset management – stated that he would perform against any deal with amaya. The british investor has 14.3% of the shares in the network, writes igamingbusiness.
In the open letter of the board william hill, the representative of parvus said that the merger has limited strategic logic and destroy the joint stock value. Instead, parvus called on to consider alternative options for maximizing the shareholder value.
In response to this, the representative of the bookmaker network no «given strategic compliance, diversification and potential synergy, we must fully appreciate it. However, it would be premature to make final conclusions, since the work on the merger of capital is in processing».
Also in william hill stressed take place if it does not satisfy the interests of all shareholders of the company.
Earlier, william hill and amaya announced the continuation of negotiations on the mergers of capital. The cost of the transaction is estimated at about $ 7 billion.