Caesars Entertainment (CZR) Sells William Hill Non-US Assets to 888 Holdings Plc for GBP 2.2B
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Caesars Entertainment, Inc. Announces Agreement to Sell William Hill Non-US Assets to 888 Holdings Plc for £2.2bn
September 9, 2021 2:00 AM EDTLAS VEGAS and RENO, Nev., Sept. 9, 2021 /PRNewswire/ -- Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars") today announced an agreement to sell the non-US assets of William Hill to 888 Holdings Plc for approximately £2.2 billion. After the repayment of debt and other working capital adjustments, Caesars expects to receive net proceeds from the transaction of approximately £835mm or $1.2 billion. The transaction is subject to receipt of the approval of shareholders of 888 Holdings Plc and regulatory approvals. Caesars' expectation is that the transaction should close during the first quarter of 2022.
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