888 talks with William Hill terminated

William Hill’s acquisition talks with 888 Holdings have fallen flat due to a difference in opinion on the value of the company with one of its key stakeholders.

The acquisition talks revolved around a possible 200 pence per share plus a 3 pence dividend per share, however, as The Times reported one of 888’s Israeli co-founders, thought to be a member of the Shaked family, was negotiating 300p per share (see previous report).

“The Company is in good health and continues to trade comfortably in line with expectations,” Brian Mattingley, chief executive officer of 888 Holdings, said in a press statement.

“The Company will announce its full year results on 24 March 2015 and the Board of the Company looks forward to the future with confidence.”