William Hill, the $4 billion gambling giant, received takeover offers from private-equity firm Apollo and casino group Caesars
William Hill has received takeover proposals from both Apollo Global Management and Caesars Entertainment, but says there is no certainty of sealing a deal, Bloomberg reported.
Apollo is also up against private equity firm TDR Capital LLP in the race to buy UK supermarket chain Asda from Walmart, valued at around $8.2 billion.US private equity firm Apollo Global Management and casino group Caesars Entertainment have each offered to take over William Hill, the British gambling group valued at $4 billion . . It said that there was no certainty of any deal.
Shares in William Hill, which have dropped since the start of the pandemic, surged by more than 20% on Friday.
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William Hill approached by Apollo, Caesars on possible takeoverBritish betting firm William Hill said on Friday it had received separate cash proposals from buyout firm Apollo and U.S. casino operator Caesars Entertainment about a possible takeover, giving no indications of the offer values but sending shares...
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