Nov 15, 2016
William Hill shakes up board after failed merger
William Hill has appointed three new members to its board that has been under fire following a tumultuous year in which the UK bookmaker has lost a chief executive and was forced to call off a transformative merger after key shareholders refused to back the deal. William Hill's largest shareholder publicly attacked the deal, criticised the company's leadership and suggested it consider putting itself up for sale. William Hill shares rose 2.5 per cent in the opening minutes of trading in London. Last year, William Hill entered merger talks with 888, but was unable to close a deal due to opposition from one of 888's largest shareholders. In August, William Hill rebuffed a £3bn takeover approach by a consortium of Rank Group and 888, saying the complex deal to merge the three companies was "Based on risk, debt and hope".
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