William Hill shares increase as financier turns down merger strategy

Shares in William Hill have risen after the wagering company's biggest shareholder said it would oppose any merger handle Canada's Amaya.
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Last weekend William Hill stated it remained in talks to combine with Amaya, which owns poker websites Full Tilt and PokerStars, in a possible ₤ 4.5 bn deal.
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But Parvus Asset Management said the merger had "limited tactical logic" and would "ruin shareholder value".

Shares in William Hill - a FTSE 250 member - closed up 5% at 314.1 p.

Parvus stated the betting firm must think about other all alternatives to maximise investor returns, including a possible sale.
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Ralph Topping, who down in 2014 after 8 years as primary executive of William Hill, said he "completely supported" Parvus.
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"When this promotion code bet9ja's welcome offer was announced I was left scratching my head," he informed the Financial Times, external. Both [Amaya and William Hill] have a lot to figure out in their own business. I'm very distressed on the future of William Hill."
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Also on the FTSE 250, shares in Man Group leapt 13.7% after the world's most significant noted hedge fund said it was purchasing investment supervisor Aalto, which manages residential or commercial property possessions worth $1.7 bn.
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Man Group also reported a 6% rise in the yohaig code value of funds under management throughout the three months to September and stated it prepared a $100m share buyback.

The blue-chip FTSE 100 index increased 35.81 indicate 7,013.55. Tesco was the most significant riser, up 4.41% to 203.7 p. The grocery store stated on Thursday night that it had actually solved its rates row with supplier Unilever. Shares in Unilever were down 0.5%.
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On the yohaig code currency markets, the pound was trading at $1.2185, down 0.56%, against the dollar.
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Against the euro it was flat at EUR1.1083.
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William Hill in ₤ 4.5 bn merger talks

9 October 2016