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under Part 26 of the Companies Act 2006   Scheme of Arrangement Becomes Effective On 30 September 2020, the boards of William Hill, Caesars UK Bidco and Caesars announced that they had reached agreement on the terms of a recommended cash acquisition pursuant to which Caesars UK Bidco shall acquire the entire issued and to be issued share capital of William Hill not already owned by or on behalf of the Caesars Group (the "Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the "Scheme"). On 20 April 2021, William Hill announc...

Caesars completes £2.9bn acquisition of William Hill 22nd April 2021 | By Robert Fletcher Caesars Entertainment has finalised its acquisition of British gambling operator William Hill. Under the acquisition deal announced in September last year, Caesars agreed to pay £2.9bn (€3.35bn/$4.04bn) to take ownership of the business, purchasing William Hill’s 1.08bn shares for £2.72 apiece. At the time, Caesars stated that the target of the acquisition was William Hill’s US betting business and technology, with the remainder of the operator’s assets, including its UK arm, now set to be sol...