William Hill: reaches agreement with Scientific Games on NYX
(CercleFinance.com) - British bookmaker William Hill said on Thursday that it has reached an agreement with slot machine maker Scientific Games, ending all pending litigation in the US and UK.
Under the terms of the deal, William Hill will support the Las Vegas-based Scientific Games' proposed acquisition of NYX, with William Hill receiving 27.8 million pounds for the ordinary shares it owns in NYX and approximately 87 million pounds for its convertible preference shares.
In addition, William Hill will expand its commercial relationship with Scientific Games in the US market, it said.
William Hill shares have jumped 2.9% to 299.7 pence in reaction to this news.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Under the terms of the deal, William Hill will support the Las Vegas-based Scientific Games' proposed acquisition of NYX, with William Hill receiving 27.8 million pounds for the ordinary shares it owns in NYX and approximately 87 million pounds for its convertible preference shares.
In addition, William Hill will expand its commercial relationship with Scientific Games in the US market, it said.
William Hill shares have jumped 2.9% to 299.7 pence in reaction to this news.
Copyright (c) 2017 CercleFinance.com. All rights reserved.