William Hill Shares Rise As Investor Rejects Merger Plan > 자유게시판 개인전용 문제은행

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shares increase as financier rejects merger strategy

Shares in William Hill have increased after the yohaig code betting business's biggest shareholder stated it would oppose any merger deal with Canada's Amaya.

Last weekend William Hill said it remained in speak to merge with Amaya, which owns poker sites Full Tilt and PokerStars, in a potential ₤ 4.5 bn offer.

But Parvus Asset Management stated the merger had "minimal tactical reasoning" and would "damage investor worth".

Shares in William Hill - a FTSE 250 member - closed up 5% at 314.1 p.

Parvus said the yohaig code betting firm must consider other all choices to increase shareholder returns, consisting of a possible sale.

Ralph Topping, who stepped down in 2014 after 8 years as president of William Hill, said he "fully supported" Parvus.

"When this deal was announced I was left scratching my head," he informed the Financial Times, external. Both [Amaya and William Hill] have a lot to figure out in their own company. I'm extremely anxious on the yohaig code future of William Hill."

Also on the yohaig code FTSE 250, shares in Man Group leapt 13.7% after the world's most significant listed hedge fund said it was purchasing investment supervisor Aalto, which handles residential or commercial property possessions worth $1.7 bn.

Man Group also reported a 6% increase in the worth of funds under management throughout the three months to September and stated it planned a $100m share buyback.

the yohaig code blue-chip FTSE 100 index increased 35.81 points to 7,013.55. Tesco was the most significant riser, up 4.41% to 203.7 p. The grocery store said on Thursday night that it had actually resolved its pricing row with provider Unilever. Shares in Unilever were down 0.5%.

On the currency markets, the pound was trading at $1.2185, down 0.56%, versus the dollar.

Against the euro it was flat at EUR1.1083.

William Hill in ₤ 4.5 bn merger talks

9 October 2016