Caesars Leisure (NASDAQ:CZR) and William Hill (OTCPK:WIMHY) have confirmed they’re in superior talks over a doable money supply from Caesars for William Hill of about 272 pence/share, Bloomberg studies.

And William Hill’s board indicated to Caesars the worth stage is one the place they might be minded to advocate the supply to shareholders.

That marks a premium of about 25% to William Hill’s Thursday shut in London – earlier than the inventory jumped Friday on studies of consideration from Caesars, and confirmation of two offers from Apollo Global Management (NYSE:APO).

The doable Caesars bid would worth issued/to be issued share capital of William Hill round £2.9B.

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