William Hill gets green light for bidding on Mr Green

Business News

William Hill said Monday its proposed takeover of Swedish bookmaker Mr Green & Co AB has received approval from competition authorities in all necessary jurisdictions.

FTSE 250-listed William Hill said the offer is now no longer conditional on approval from regulatory authorities.

The last day for Mr Green shareholders to accept the offer is January 17.

Shares in William Hill were up 1.0% Monday at 165.00 pence each.

William Hill agreed the GBP242 million takeover at the end of October. The offer, worth SEK2.82 billion, was at a 49% premium to Mr Green’s closing price on Nasdaq Stockholm the day before the offer.

Mr Green’s board recommended shareholders accept the offer, and shareholders representing 40% of its share capital have already said they will do so.