Tag Archives: rank group

Having reported a ‘record breaking’ revenue performance for its H1 2016 results, the governance of 888 Holdings (888) has dismissed industry rumours of a potential merger with Rank Group (Rank). Following the failure of a Rank-888 joint consortium takeover bid for William Hill valued at £3.4 billion, the betting industry has been rife with rumours of a potential + £1.6 …

The Times has reported that Rank Group governance are considering a £1.6 billion tie-up with 888 Holdings, following the pair’s failure to lure William Hill into a three-way merger. Following its H1 2016 results in which Rank would declare adjusted group profits of £77 million, CEO Henry Birch revealed to Reuters News that his firm was actively looking for potential …

Presenting its full-year 2015/16 results (period ending 30 June), The Rank Group PLC (Rank) has declared a solid financial year reporting like-for-like growth across its divisions. Closing its financial year, Rank would record total group revenues of £753 million up 2% on FY 2014/15: £738 million. The operators sustained revenue performance would see it post FY group EBITDA of £128 …

A morning of high industry M&A drama has seen William Hill’s board reject the revised consortium takeover offer put forward by Rank Group and 888 Holdings. The new offer presented to William Hill governance on Sunday would see 888 act as the acquiring entity for the ‘BidCo’ consortium. William Hill investors would be offered 199 pence in cash and 0.860 BidCo …

Rank Group and 888 Holdings pursuit of William Hill is expected to heat up this week, as consortium stakeholders are expected to make a fresh bid to seduce William Hill governance into opening negotiations. This weekend, UK business news sources have reported that Rank and 888 governances have been reviewing the 364p per share offer (value circa £3.2-3.3 billion), which …

Pure ego made #WilliamHill reject #Rank and #888 £3.16bn bid and that will be their downfall. https://t.co/51roD63iI9 — Eyal Shaked (@Eshaked) August 9, 2016 Eyal Shaked, the son of 888 Holdings Co-founder Avi Shaked has taken to Twitter criticising William Hill governance of ‘Pure Ego’ for rejecting the Rank and 888 consortium bid of 364p per share takeover offer (value …

Following the rejection of its £3.3 billion takeover offer by the William Hill board, on the grounds that its proposed bid ‘substantially undervalued’ its business. The Rank Group and 888 Holdings consortium have called for direct talks with William Hill governance, outlining the case for its three-way merger. Seeking to appeal to William Hill investors, Rank and 888 have today …

The board of William Hill Plc has moved to reject the £3.3 billion takeover bid proposed by the strategic consortium of Rank Group and 888 Holdings. Quick to reject Rank and 888’s offer which was formally issued this afternoon, William Hill governance stated that the proposed deal ‘substantially undervalued’ its corporate enterprise, choosing not to forward the bid to its …

The strategic Rank Group and 888 Holdings consortium has declared its intent to takeover William Hill proposing a formal offer of £3.6 billion for the FTSE-listed operator. Updating the market Rank and 888 governances have proposed an initial 364p per share offer for William Hill, as deal stakeholders look to create another UK betting industry giant. The Financial Times, reports …

Stockholm Nasdaq-listed online sports betting solutions provider Kambi has closed a successful first half to 2016, stating that its corporate performance has been driven by ‘exceptional operator turnover growth’. Presenting its Q2 2016 interim results (unaudited period ending 30 June), Kambi would declare group revenues of €13.7 million (up 28% on Q2 2015: €10.7 million). Its uplift in revenues would …