{"id":21,"date":"2024-06-11T00:40:03","date_gmt":"2024-06-10T21:40:03","guid":{"rendered":"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/11\/888-and-rank-group-withdraw-merger-bid-for-william-hill\/"},"modified":"2024-06-12T10:38:22","modified_gmt":"2024-06-12T07:38:22","slug":"888-and-rank-group-withdraw-merger-bid-for-william-hill","status":"publish","type":"post","link":"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/11\/888-and-rank-group-withdraw-merger-bid-for-william-hill\/","title":{"rendered":"888 and Rank Group Withdraw Merger Bid for William Hill"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/hdzZrOpozHo\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>888 Holdings and the Rank Group have abandoned their proposed acquisition of William Hill, withdrawing their prominent three-way merger bid.<\/p>\n<p>Separate, non-binding propositions were presented to the William Hill board by the two corporations on August 8th and 14th, respectively, but both were declined.<\/p>\n<p>In a combined announcement, 888 and Rank Group reaffirmed their confidence in the merger proposal&#8217;s benefits, describing it as &#8220;transformative&#8221; for the worldwide gaming sector.<\/p>\n<p>The corporations opted to stop their pursuit, however, citing an &#8220;incapacity to interact productively with the William Hill board.&#8221;<\/p>\n<p>Itai Frieberger, CEO of 888, expressed disappointment that the William Hill board &#8220;did not agree with our vision for the merged organization.&#8221;<\/p>\n<p>&#8220;We maintain that the union of these highly synergistic businesses would have had compelling industrial logic and would have delivered value for all stakeholders through substantial revenue and cost synergies,&#8221; he continued.<\/p>\n<p>Henry Birch, CEO of Rank Group, said, &#8220;We remain certain of the significant value creation that would result from combining the three businesses.&#8221;<\/p>\n<p>&#8220;Rank and 888 would like to express their gratitude to their respective shareholders for their support during this process.&#8221;<\/p>\n<p>William Hill also issued a statement acknowledging 888 and Rank Group&#8217;s stance. <\/p>\n<p>The head of William Hill, Gareth Davis, shared that the prospective purchasers, a group comprising 888 Holdings and Rank Group, have withdrawn their bid and will no longer seek to acquire William Hill. <\/p>\n<p>Despite this hurdle, Davis conveyed optimism in William Hill&#8217;s independent plan for generating shareholder value. He emphasized the firm&#8217;s robust results in the latter half of the year, noting they are positioned to surpass their original earnings projection of  \u00a3260 million to \u00a3280 million for 2016. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>888 Holdings and the Rank Group have abandoned their proposed acquisition of William Hill, withdrawing their prominent three-way merger bid. Separate, non-binding propositions were presented to the William Hill board by the two corporations on August 8th and 14th, respectively, but both were declined. In a combined announcement, 888 and Rank Group reaffirmed their confidence [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>William Hill Merger Off: 888 &amp; Rank Group Withdraw Bid<\/title>\n<meta name=\"description\" content=\"The proposed three-way merger of 888 Holdings, Rank Group, and William Hill has been scrapped. 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Both 888 and Rank Group withdrew their bids after William Hill declined their proposals.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/11\/888-and-rank-group-withdraw-merger-bid-for-william-hill\/\" \/>\n<meta property=\"og:site_name\" content=\"Indulge in a Secure &amp; Thrilling Licensed Online Casino Experience\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-10T21:40:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:38:22+00:00\" \/>\n<meta name=\"author\" content=\"Audrey &quot;Aura&quot; Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Audrey &quot;Aura&quot; Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/11\/888-and-rank-group-withdraw-merger-bid-for-william-hill\/\",\"url\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/2024\/06\/11\/888-and-rank-group-withdraw-merger-bid-for-william-hill\/\",\"name\":\"William Hill Merger Off: 888 & Rank Group Withdraw Bid\",\"isPartOf\":{\"@id\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-10T21:40:03+00:00\",\"dateModified\":\"2024-06-12T07:38:22+00:00\",\"author\":{\"@id\":\"https:\/\/miamiclubcasinonodepositbonus.icu\/#\/schema\/person\/2b5fda89dc8a9c0ddc2bb9202d89b3f5\"},\"description\":\"The proposed three-way merger of 888 Holdings, Rank Group, and William Hill has been scrapped. 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