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Board sold us on the cheap!
https://www.londonstockexchange.com/news-article/market-news/recommended-cash-acquisition-of-william-hill-plc/14703011
I was thinking last night what a good bb this has been thank to everyone for their input.
Hopefully the shareholders will reject this and we can carry on. But I don’t think so.
Cheers
“Thanks”.
It just shows this has been in the pipeline for a very long time! That’s why other board members were jumping ship!
Marbox - funny I was just think this yesterday. Really has been a great board. Helped me stick it out when I had weak moments.
Sickening!!
US casino giant Caesars has agreed to buy William Hill for £2.9bn - but plans to spin off the UK business to new owners shortly after the deal completes.
Well & truly ****ed over!
It is as good as done. I am sure WMH directors have held meetings with the major holders advising that their work is done and they want to pass it over now and they’ve got the ok by those major share holders.
And Caesers already own 20% of the shares.
It just shows though that no one is really interested in the UK side of the business, no surprise with the strict gambling laws and more to come.
Don’t expect much to happen with the share price now, the market makers an set the price at 272p and leave it there now.
Caesers only own 20% of WH US not the PLC. Big difference .
Big question, If its a done deal, Can Apollo still come in with a better price, Or is this it?
A massive difference!!
****ing scunnered! Can't believe some of the rationale behind conceding to Caesars as if we didn't know it was a highly competitive industry - are we all idiots?
The RNS states ''Caesars believe'' several times, what about what we believe??
I would love nothing more than the average PI to take control here and thwart this deal!
We all know we are being sold short, you just have to look across at a comparable company on the US listing i.e. Draft Kings and see that - one way or another there is an act of fraud here!
As I’ve said SPD, where the hell is WMH, comes to something when the RNS information is coming from the bidder!
It’s like they already own us wtf.
Crazy dealing! Why would you accept the first bid when there are multiple interested parties?
The board can hide away in their offices and avoid scrutiny of this deal!
Clear CZRs weren't happy about the 20% US side of things only, a share-for-************** would have been better for WH PI's.
If I had half a chance to question this I'd rip it apart, as I am sure many on this chat would.
I have enjoyed the ride and some of the chat here has been good, very informative and rationale, everyone seen a good thing, but now we have an anti-climax.
Now is the time for a white knight!
The clue is in Caesar's RNS, and the weasel words of the WMH directors 'intend to recommend' rather than 'will recommend'.
Clearly at least one if not more of the Directors is far from happy, so any RNS from WMH has to be very nuanced unless said directors resign or issue their own RNS.
IMO, The deal should be split , UK to Done brothers and USA to Caesars, The UK has a value separate to the US, Caesars will make money from the sale of WMH Uk at the expense of share holders who will be ex share holders when the UK is sold