Slaughter and May is advising William Hill on its recommended cash acquisition by Caesars Entertainment

Slaughter and May is advising William Hill PLC on the recommended cash acquisition of William Hill’s entire issued and to be issued share capital by Caesars UK Holdings Limited, a wholly-owned subsidiary of Caesars Entertainment, Inc. The acquisition was announced on 30 September 2020.

Under the terms of the acquisition, each William Hill shareholder will be entitled to receive 272 pence in cash for each William Hill share. The acquisition values the entire issued and to be issued share capital of William Hill at approximately £2.9 billion and is expected to complete in the second half of 2021, subject to receipt of certain shareholder, antitrust and gaming regulatory approvals.

William Hill was founded in 1934 as a postal and telephone betting service and is now one of the world’s leading betting and gambling companies. William Hill operates 1,414 licensed betting offices in the UK and, since 2012, has operated sports books in the US, online and through its retail experience. Its shares are listed on the London Stock Exchange.

Slaughter and May is supporting William Hill’s General Counsel and Company Secretary, Simon Callander. Weil, Gotshal & Manges LLP are acting as US antitrust legal advisers to William Hill.