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Shareholders will need to weigh in on that capital raise and the William Hill acquisition before the final paperwork can be signed. A general meeting will be scheduled to allow the vote, with the date to be provided some time early next year.<\/p>\n<\/div>\n
Provided the funding round is successful and the shareholders say yes, there are still other requirements to be met.<\/p>\n
“Completion of the Acquisition is also conditional upon the Financial Conduct Authority’s approval of the re-admission of the ordinary shares of 888 to the premium listing segment of the Official List, and the London Stock Exchange’s approval of the re-admission to trading on the main market for listed securities, as well as the completion of a re-organization of the William Hill group to separate the US and non-US businesses of William Hill,” 888 explained.<\/p>\n
Director to Oversee Integration<\/h2>\n
The process is being assisted by Guy Cohen. He has been tapped to be the company’s SVP, Director of Integration. Previously, Cohen was the SVP, Head of B2C for 888.<\/p>\n
“The appointment of Guy Cohen to the critical role of SVP, Director of Integration, also strengthens our leadership and commitment to this important process, as we look to leverage the significant expertise and talent from both businesses to benefit the combined group,” Pazner added of Cohen’s appointment.<\/p>\n","protected":false},"excerpt":{"rendered":"
888 Holdings is a step closer to completing its acquisition of William Hill assets in Europe. As the gaming operator continues to cross hurdles toward the finish line, it just jumped a big one. 888 has received important regulatory clearances that will lead to the purchase finally closing. 888 announced this morning that its purchase […]<\/p>\n","protected":false},"author":64,"featured_media":193567,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\n
888 Clears William Hill Takeover Hurdle - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n