In a statement to the stock exchange, the company announced a possible acquisition of Stanley Leisure\’s retail bookmaking activities would delay plans announced last month to return £453m to shareholders.
William Hill confirmed it is in exclusive discussions with Stanley Leisure and is undertaking due diligence.
The company expects to finish talks with Stanley Leisure by early May and only then it will proceed with the return of capital to shareholders if it cannot buy Stanley Leisure\’s outlets.
The news sent William Hill shares down 2.62%. Stanley Leisure shares, conversely,
jumped 13.5 per cent.
Calculators
