{"id":40970,"date":"2016-10-15T13:00:58","date_gmt":"2016-10-15T20:00:58","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=40970"},"modified":"2016-10-14T14:43:13","modified_gmt":"2016-10-14T21:43:13","slug":"william-hills-biggest-shareholder-blasts-waste-time-amaya-merger","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/william-hills-biggest-shareholder-blasts-waste-time-amaya-merger\/","title":{"rendered":"William Hill\u2019s Biggest Shareholder Blasts \u201cWaste of Time\u201d Amaya Merger"},"content":{"rendered":"
William Hill\u2019s biggest shareholder, Parvus Asset Management, has made it clear that it will not stomach a proposed merger with Canada\u2019s Amaya Inc, the parent company of PokerStars.<\/p>\n
The hedge fund, which owns a\u00a014.3 per cent stake in the UK bookmaking giant wrote an open letter to William Hill\u2019s board, Thursday, and it did not mince its words.<\/p>\n
\u201cThe board refused to talk to the 888\/Rank Consortium just two months ago,\u201d it said, referring to the \u00a33.4 billion takeover bid proposed by 888 and Rank, which was quickly rebuffed by the board.<\/p>\n