William Hill and GVC get deadline extension for Sportingbet offer period
Online betting firm Sportingbet edged higher after William Hill and GVC Holdings were granted an extension to their offer deadline until December 4th this year.
Online betting firm Sportingbet edged higher after William Hill and GVC Holdings were granted an extension to their offer deadline until December 4th this year.
The two companies had previously been told that they were required to either announce a firm intention to make an offer for Sportingbet or announce they do not intend to make an offer by November 13th.
Sportingbet previously rejected an indicative joint offer from sector peers William Hill and GVC Holdings for 52.5p per share.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The company said at the time that the offer - comprising of 45p in cash from William Hill and 7.5p in shares in GVC - was not high enough.
Following this, GVC was granted a temporary suspension of trading after the agreement of a revised and increased possible offer on October 16th.
Sportingbet's shares climbed 0.99% to 51p by 13:00 on midday.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Trouble brews in B&M as bargain shops take a hit
Opinion Once a stock market darling, B&M's share price has slumped. What has gone wrong for bargain shops?
-
US and China reach a ceasefire in their trade war after talks in London
The US and China's trading relationship – the most important one in the global economy – is back on track. Will the truce last?