Amaya<\/a> and William Hill had talked of a multi-billion-dollar \u201cmerger of equals\u201d to create \u201ca clear international leader across online sports betting, poker and casino,\u201d in a combination that was full of \u201csound industrial logic.\u201d But William Hill\u2019s shareholders disagreed.<\/p>\n\u201cAfter canvassing views from a number of William Hill’s major shareholders, the Board has decided that it will not pursue discussions with Amaya,\u201d the company said in an official statement. \u201cAccordingly, the Board has informed Amaya that it is withdrawing from discussions and wishes Amaya well for the future.\u201d<\/p>\n
Divyesh Gadhia, Chairman of Amaya, said: \u201cTogether with our financial advisors, we evaluated a wide range of strategic alternatives to maximize shareholder value and have concluded that remaining an independent company is in the best interest of Amaya’s shareholders at this time.\u201d<\/p>\n
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The wheels came off a proposed merger between William Hill and Amaya today, as the UK bookmaker walked away from the deal following objections from its shareholders. On Friday Parvus Capital Management, the company\u2019s biggest shareholder, publicly criticized the proposal as a \u201cwaste of time\u201d and a \u201cvalue-destroying deal,\u201d and urged the board to concentrate […]<\/p>\n","protected":false},"author":42,"featured_media":41056,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,19],"tags":[],"acf":[],"yoast_head":"\n
Amaya and William Hill Merger Negotiations Collapse<\/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