Business
STATEMENT REGARDING WILLIAM HILL PLC
STATEMENT REGARDING WILLIAM HILL PLC.
About this update from Rank Group Plc
[{"type":"text","content":"\n \nRNS Number : 0582F Rank Group PLC 25 July 2016 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\nTHIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, OR AS TO THE TERMS ON WHICH ANY OFFER WILL BE MADE.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nFOR IMMEDIATE RELEASE 24 July 2016\nSTATEMENT REGARDING WILLIAM HILL PLC\n \n888 Holdings plc (\"888\") and The Rank Group Plc (\"Rank\") (together the \"Consortium\") note the recent press speculation regarding a potential transaction involving William Hill plc (\"William Hill\") and confirm that they are evaluating a possible offer for William Hill (the \"Proposed Transaction\"). \n \nThe Consortium sees significant industrial logic in the combination, through consolidation of their complementary online and land-based operations, delivery of substantial revenue and cost synergies and from the anticipated benefits of economies of scale which will accrue to all shareholders.\n \nNo formal approach has yet been made to the Board of William Hill and there can be no certainty that any such approach will be made. Accordingly, there can be no certaint...