bet9ja.com
William Hill shares increase as investor rejects merger plan

Shares in William Hill have actually increased after the betting company's biggest shareholder stated it would oppose any merger bet9ja's welcome offer with Canada's Amaya.

Last weekend William Hill stated it was in talks to combine with Amaya, which owns poker sites Full Tilt and PokerStars, in a potential ₤ 4.5 .
bit.ly
But Parvus Asset Management said the merger had "restricted strategic logic" and would "ruin investor value".

Shares in William Hill - a FTSE 250 member - closed up 5% at 314.1 p.
bit.ly
Parvus stated the betting firm ought to think about other all choices to increase shareholder returns, consisting of a possible sale.
bet9ja.com
Ralph Topping, who stepped down in 2014 after eight years as president of William Hill, said he "totally supported" Parvus.
bet9ja.com
"When this promotion code deal was revealed I was left scratching my head," he informed the yohaig code Financial Times, external. Both [Amaya and William Hill] have a lot to figure out in their own company. I'm really anxious on the future of William Hill."

Also on the FTSE 250, shares in Man Group leapt 13.7% after the world's biggest listed hedge fund said it was buying financial investment manager Aalto, which manages residential or commercial property assets worth $1.7 bn.
bet9ja.com
Man Group also reported a 6% rise in the value of funds under management throughout the three months to September and stated it planned a $100m share buyback.
bet9ja.com
The blue-chip FTSE 100 index rose 35.81 points to 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 solved its pricing row with provider Unilever. Shares in Unilever were down 0.5%.

On the currency markets, the pound was trading at $1.2185, down 0.56%, versus the dollar.
bet9ja.com
Against the euro it was flat at EUR1.1083.

William Hill in ₤ 4.5 bn merger talks

9 October 2016
bit.ly