Caesars set to complete William Hill acquisition

Business News

William Hill has its takeover by Caesars cleared by a UK court approved despite concerns raised by minority shareholders about disclosures around the deal.

Some shareholders had opposed the scheme of arrangement for the 2.9-billion-pound ($4 billion) deal, saying the terms of an existing joint venture between the two firms were not adequately disclosed by William Hill last year.

The takeover is likely to become effective on April 22 after the court permitted it following a hearing last month, and shares of William Hill are expected to be delisted from the London Stock Exchange.