Advertisement
UK markets open in 3 hours 33 minutes

  • NIKKEI 225

    36,818.81
    -1,260.89 (-3.31%)
     

  • HANG SENG

    16,114.22
    -271.65 (-1.66%)
     

  • CRUDE OIL

    85.02
    +2.29 (+2.77%)
     

  • GOLD FUTURES

    2,403.80
    +5.80 (+0.24%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • Bitcoin GBP

    49,976.40
    -72.11 (-0.14%)
     

  • CMC Crypto 200

    1,267.80
    +382.26 (+41.14%)
     

  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     

  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

888 and William Hill end takeover talks

Reuters - UK Focus

LONDON, Feb 16 (Reuters) - Online gambling company 888 Holdings said discussions concerning a takeover by Britain's biggest bookmaker William Hill (Other OTC: WIMHY - news) had ended after talks broke down over price with a key stakeholder.

888, whose shares had jumped more than 20 percent last week after talks between the two companies were confirmed, said on Monday it had discussed a possible recommended offer from William Hill valued at 200 pence plus a 3p dividend per share.

"Due to a significant difference of opinion on value with a key stakeholder, it has not been possible to reach agreement on the terms of a possible offer and the board of the company has agreed with William Hill to terminate discussions," 888 said.

(Reporting by Neil Maidment; Editing by Kate Holton)