Amaya, William Hill confirm discussions over potential merger
The boards of William Hill and Amaya note the recent press speculation and confirm that they are in discussions regarding a potential all share merger of equals. Amaya has been undertaking a review of its strategic alternatives since February 2016. Over recent months, the board of William Hill has been evaluating options to accelerate William Hill's strategy of increasing diversification by growing its digital and international businesses. The potential merger would be consistent with the strategic objectives of both William Hill and Amaya and would create a clear international leader across online sports betting, poker and casino. These discussions are ongoing and there can be no certainty that an agreement will be reached, the companies said. The potential merger would be classified as a reverse takeover under the Listing Rules of the Financial Conduct Authority and is not subject to the City Code on Takeovers and Mergers. William Hill is required to provide certain confirmations to ensure that there is sufficient information available to the public with regard to the potential reverse takeover in order to avoid a suspension of William Hill's shares.