Gambling firm William Hill’s takeover by Caesars sanctioned by UK court By Reuters
(Corrects headline to say takeover “by” Caesars, not “of” Caesars and adds dropped words “after a hearing” in the first paragraph)
(Reuters) – British bookmaker William Hill said on Tuesday a court had sanctioned its takeover by U.S.-casino operator Caesars Entertainment after a hearing last month, despite concerns raised by minority shareholder HBK about disclosures around the deal.
HBK had opposed the scheme of arrangement for the 2.9 billion pounds ($4 billion) deal, saying terms of the joint venture between the two firms were not adequately disclosed by William Hill last year.
($1 = 0.7293 pounds)
(Corrects headline to say takeover “by” Caesars, not “of” Caesars and adds dropped words “after a hearing” in the first paragraph)