Bookmaker William Hill and Probability have been granted an extension to reach an agreement over a potential takeover.
Probability has announced that further to the announcement on September 19, following a joint submission by the mobile gambling operator and William Hill, the panel has granted an extension pursuant to rule 2.6 of the city code on takeovers and mergers of the existing rule 2.6 code deadline.
As a result, William Hill must, by no later than 5pm on November 14, announce a firm intention to make an offer or announce that it does not intend to make an offer. This deadline will only be extended with the consent of the panel in accordance with rule 2.6 of the code.
Discussions between the parties are continuing. There can be no certainty that an offer will be made, nor as to the terms on which any offer will be made.
A further announcement will be made in due course.
