- William Hill now has a 98.5% stake in MRG.
- This news follows the announcement of its recommended public cash offer in October 2018.
- Mr Green operator MRG is set to cease trading on the Nasdaq Stockholm exchange on February 15th.
Earlier today, the London-listed casino operator confirmed that it has initiated the compulsory acquisition of the remaining shares in Mr Green & Co (MRG) ahead of its complete takeover.
It is expected that the purchase of MRG will be finalised this month such that William Hill will assume full control of the business with Ulrik Bengtsson, chief digital officer at William Hill, to be responsible for leading the integration of MRG within the group.
As per the original acquisition agreement, Mr Green operator MRG is set to cease trading on the Nasdaq Stockholm exchange on February 15th, with settlement to those shareholders who have accepted the offer during the extended acceptance period to commence around February 8th.
About William Hill
With almost 85 years in the business, William Hill has grown to become a household name in online betting, offering its casino games to over 175 countries. The company was floated on the London Stock Exchange back in 2002 and this acquisition of MRG will only see it grow further. Find out more about ‘the home of betting’ in our William Hill review.
Image source: williamhillplc.com