William Hill Proposes a £242 Million Offer to Purchase Mr Green, Offer Accepted with Acceptance Period Before End of 2018
William Hill is looking to dominate the European markets and is making every possible attempt to do so, as with the proposed purchase offer to Mr Green. The offer has been accepted and recommended for MRG shareholders. The expected date of an acceptance period is slated from 10 December to 11 January. All parties interested will be in hopes of finalizing the deal shortly there after.
The Board of Directors for Mr Green is in charge of the shareholder voting. There are currently seven shareholders that represent 40.04% of the total number of votes and shares in the company. Mr Green operates in 13 different market. They hold gambling licenses in multiple markets.
William Hill’s CEO, Philip Bowcock commented on the offer saying,
“This proposed acquisition accelerates the diversification of William Hill, immediately making us a more digital and more international business. Mr Green will provide William Hill with an international hub in Malta, with market entry expertise and with strong growth momentum in a number of European countries. William Hill will move from a single brand to a suite of brands that can maximize growth opportunities moving forward in new and existing markets.”
William Hill’s $2.1 billion annual revenues are mostly generated throughout the U.K., with its largest sports betting revenue generated in the U.S., which includes operating 107 racebooks and sportsbooks in Nevada.