William Hill Statement On Amaya Talks

WILLIAM HILL STATEMENT ON AMAYA TALKS

18th October, 2016 at 20:13:40
Source: http://www.azonlinecasinos.com

Company confirms it ended talks after it canvassed views of major shareholders.

William Hill has followed Amaya Inc's lead, distributing a press release in response to the failure of merger talks with the Canadian firm (see previous reports).

A company statement explained that talks had been at an exploratory stage when news of merger talks broke in the media, so much so that due diligence and other workstreams underway had been far from complete.

The early talks had been undertaken in line with William Hill's strategy to grow its digital and International businesses through diversification, the company said, but the Board had ultimately made the decision to walk away from discussions after canvassing views from a number of its major shareholders.

The Group reassures the market that trading continues to be positive in the second half of the year and that it expects full year operating profit to be at the top end of the previously guided 260-280 million range.

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