William Hill owner Evoke has agreed to a takeover by a Greek gaming group after it was forced to put itself up for sale after the Budget tax raid.
The FTSE 250-listed bookmaker said it had agreed to an all-share deal with Athens-listed Bally's Intralot – the front-of-shirt sponsor for Nottingham Forest Football Club – worth 52p per share and values the group at £243.1million.
It represents a 138 per cent premium to Evoke's closing price on 9 December, the day before the group announced a potential sale.
The betting firm, previously 888 Holdings, effectively put itself up for sale in December, when it launched a strategic review to ‘maximise shareholder value’.
+1
