William Hill’s Canadian merger in play before failed takeover bid

The consortium obtained a lukewarm reception in late July before William Hill rejected its re-jigged £three.4bn bid in mid-August, branding the offer cost "incredibly opportunistic" and criticising the deal as being too advanced and with out strategic advantage.

at the time the playing massive had already been deep in talks with Amaya for pretty much two months.

The Montreal-primarily based owner of Full Tilt and PokerStars first signalled its hobby in consolidation in February this 12 months after appointing Barclays Capital Canada and Toronto-based mostly law enterprise Blake, Cassels and Graydon to evaluate any takeover presents.

at the time, William Hill held again from making an strategy amid rising issues over its full-12 months profitability and simmering boardroom tensions, which resulted within the ousting of chief govt James Henderson.

Its shares took a heavy bruising after the company warned investors to are expecting a £25m hit because shoppers are increasingly the use of its "lock-out" function to curtail their online gambling.