888 and Rank withdraw from William Hill pursuit

888 Holdings and The Rank Group have announced that they do not intend to make a firm offer for William Hill, and are withdrawing their much publicised proposal for a three way merger. Two non-binding proposals were submitted to the William Hill board, on 8 August and 14 August, both of which were rejected. In a joint statement, 888 and Rank reiterated their belief in the value of the proposal, saying: “The proposed transaction would have creat...