Evoke PLC (LSE:EVOK), the gambling group that owns William Hill, 888 and Mr Green, has agreed to a £243 million all-share takeover by Bally's Intralot, the Athens-listed lottery and gaming operator, sending its shares 16% higher to 46.45p. The recommended offer values Evoke at 52p per share and includes a partial cash alternative.
Evoke shareholders will be entitled to receive 0.537 new Intralot shares for each Evoke share. The deal is expected completed the deal by the first quarter of 2027.
William Hill UK owner Evoke said on Friday it had agreed to be acquired by Bally's Intralot S.A. in a recommended all-share deal valuing the company at about £243 million ($326.23 million).
William Hill owner Evoke PLC (LSE:EVOK) has confirmed it is in talks about being taken over by Greek-US lottery and gambling outfit Bally's Intralot. The bookmaker said a proposed offer valuing the group at 50p per share is being discussed, via an all-share combination, alongside a partial cash alternative.
William Hill UK and 888 owner Evoke confirmed on Monday that it is in talks with Greek lottery and gaming firm Bally's Intralot regarding a takeover proposal at 50 pence-per-share, valuing the betting group at 225.3 million pounds ($303.88 million).
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