Buyout rumours pushed William Hill’s stock price up 43% on 25 September, driven by initial speculation, and later confirmation that the firm had received acquisition proposals involving cash deals from Apollo Management International and Caesars Entertainment. While we believed a price of 300p+ was unlikely, fresh details about Caesars’ bid validate our initial thoughts. Moreover, we believe Caesars will emerge as a successful bidder. Hence, we will raise our target price to conve
28 Sep 2020
Buyout: Caesars likely be the sole bidder
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Buyout: Caesars likely be the sole bidder
- Published:
28 Sep 2020 -
Author:
Virendra Chauhan -
Pages:
3
Buyout rumours pushed William Hill’s stock price up 43% on 25 September, driven by initial speculation, and later confirmation that the firm had received acquisition proposals involving cash deals from Apollo Management International and Caesars Entertainment. While we believed a price of 300p+ was unlikely, fresh details about Caesars’ bid validate our initial thoughts. Moreover, we believe Caesars will emerge as a successful bidder. Hence, we will raise our target price to conve