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Rank Group Looking For Acquisitions After Withdrawing From William Hill Race
- Updated: August 24, 2016
The proposed takeover of William Hill by 888 Holdings and Rank Group Plc is dead in the water after the interested parties pulled the plug on the deal, and announced to the London Stock Exchange that they do not intend to make any offer for their British gambling rival.
Henry Birch, CEO of Rank, said: “We strongly believe that the transaction would have created significant value for all three sets of shareholders. We and 888 are grateful for the shareholder support we have received throughout this process.”
888 Holdings’ CEO, Itai Frieberger’s statement pointed the finger at the board of William Hill as the reason no deal discussions will take place: “We are disappointed that the board of William Hill did not share our vision of the combined businesses. We believe that …
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