888 Holdings PLC - Gibraltar-based online betting and gaming company - Raises GBP162.9 million through the placing of 70.8 million shares at a price of 230 pence per share. Says the proceeds will be used to partly fund the acquisition of the non-US business of William Hill, the London-based gambling company. The placing price represents a premium of 20% to the closing share price of 192 pence on Wednesday, 888 explains.
Current stock price: 228.14 pence
12-month change: down 44%
By Heather Rydings; heatherrydings@alliancenews.com
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