Post by
Investor4000 on Nov 08, 2017 11:29am
This is not bullish !
William Hill wants to make a deal with Scientific game to make sure his exclusivity, in certain part of the world, is respected (regarding WH initial contract with NYX)
If William Hill cannot get a deal with scinetific game, they will block the takeover.
Conclusion: It is not a bullish situation. They want this deal to pass while maintaining ''WH'' rights to certain territories, if not they will block the deal. I do not see a situation where NYX shareholders are going to be happy.
Comment by
Bookends on Nov 08, 2017 11:37am
Say before the arrangement with Scientific game when NYX'a SP was bouncing from 1$ to 1.5$, wouldn't you have been happy to have an announcement where NYX and WH would agree to convert 40M shares from 3.67$ cash?? Remember that the SP was between 1$ to 1.5$ here... What changes now if the deal falls apart?
Comment by
Investor4000 on Nov 08, 2017 11:44am
William Hill are using their power to make sure they dont lose their exclusivity to certain territory. They are willing to pay more money to make sure this deal doesnt pass all to bend Scientific game to their will ! It will be very difficult