Post by
uograd on Nov 09, 2017 6:32pm
the question for William Hill is
Would they rather get their 80 million pounds back or own 31.9 per cent of NYX. Let's say that is 140 CDN.
So if their balance sheet can handle that piece of debt and clearly it can then what is the other 68.1 per cent of Nyx worth plus the additional debt nyx has
nyx has about 100,000,000 shares so if they gave them 3.00 bucks per share, they would be buying the remainder 68.1 per cent for 300 million cdn plus the other debt and the breakup fee to Scientific.
That would be a 25% bump to the offer the board accepted so they would have no choice but to ditch Scientifc and approve it.
This is where we are going. William Hill is either going to get their 80,000,000 back and forget the conversion or make NYX an offer of their own. Nothng else makes sense.
Comment by
Pivotcatalyst on Nov 09, 2017 9:20pm
William Hill has been in negotiations with Scientific Games the British Boards are expecting the buyout to be completed