Caesars approach UK's William Hill over potential takeover

One of the UK’s largest high street bookmakers at the centre of a possible US bidding war

William Hill, one of the UK’s largest and best known high street bookmakers, is at the centre of a possible US bidding war that could see it acquired by the operator of the Las Vegas casino, Caesars Palace.

Shares in the British gambling company surged by more than 40% on Friday after the bookie said it had received “separate cash proposals” from a private equity firm, Apollo Management International, which is currently in the running to buy Asda, and from the hotel and entertainment group, Caesars Entertainment.

Continue reading... Read The Rest at :