Caesars Entertainment and William Hill have announced that, at the shareholder meetings, the William Hill shareholders approved the recommended 272p cash offer from Caesars by the requisite majorities, subject to the satisfaction of the remaining outstanding regulatory conditions and final approval of the English Court.
Each of the resolutions were approved by the requisite majority of shareholders, with over 86 per cent of the votes cast at the meetings in favour of the transaction.
The parties are making progress towards obtaining all necessary regulatory approvals required to close the transaction and Caesars is now aiming to complete the acquisition in March 2021.
“We are pleased to have received William Hill shareholder support for our recommended cash offer. We continue to work towards satisfying the remaining regulatory conditions and look forward to completing the transaction next year and integrating William Hill U.S. into our Caesars sports betting and iGaming franchise,” said Tom Reeg, CEO of Caesars Entertainment, Inc.