(Alliance News) - William Hill PLC on Tuesday said Caesars Entertainment Inc continues to expect regulatory clearance for its acquisition of the UK gaming firm by the second quarter of 2021.
In September, US gambling resorts operator Caesars said it reached an agreement to acquire FTSE 250-listed William Hill for GBP2.9 billion, with Caesars to pay 272 pence for each William Hill share under the terms of the deal.
Shares in William Hill were trading 0.2% higher at 270.60p each on Tuesday morning in London, giving it a market capitalisation of GBP2.84 billion.
In November, 87% of William Hill shareholders voted in favour of the acquisition.
On Tuesday, William Hill said Caesars currently expects that the remaining approvals required to be obtained from the relevant US gaming authorities will be obtained in time to allow completion to occur early in the second quarter of 2021 but possibly as early as March.
By Ife Taiwo; ifetaiwo@alliancenews.com
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