William Hill backs £2.9bn Caesars bid

(Sharecast News) - William Hill said it had agreed to be taken over by Caesars Entertainment in a £2.9bn deal that would see the enlarged group cash in on the rapidly expanding US sports betting market.
"The William Hill board believes this is the best option for William Hill at an attractive price for shareholders," said William Hill chairman Roger Devlin.

"It recognises the significant progress the William Hill Group has made over the last 18 months, as well as the risk and significant investment required to maximise the US opportunity given intense competition in the US and the potential for regulatory disruption in the UK and Europe."