Evoke in talks with Bally's Intralot over 50p-a-share takeover proposal

(Sharecast News) - William Hill owner Evoke confirmed on Monday that it is in talks with Greek gambling company Bally's Intralot about a 50p per share takeover proposal. Responding to press speculation, Evoke - which also owns 888 - said the proposal is expected to comprise an all-share combination with a partial cash alternative.

It said there can be no certainty that an offer will be made or as to the terms on which any offer might be made.

"The board of evoke is evaluating the possible offer together with its financial advisers, Morgan Stanley and Rothschild & Co," Evoke said, adding that a further announcement will be made when appropriate.

By 18 May, Bally's Intralot will either announce a firm intention to make an offer or walk away. This deadline can be extended with Evoke's consent.

At 0810 BST, the shares were up 6.8% at 41.50p.

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