Rank/888 offer of £3.6bn for William Hill emerges

It has been reported that Rank Group and 888 Holdings have submitted a collective bid to purchase William Hill, giving the operator a valuation of up to £3.6bn. According to the Financial Times, the offer is worth 364p per William Hill share, though merger syneriges would increase the value to 408p a share, with the information coming from two people briefed on the plans. All three parties are remaining quiet on the situation for the time being,...