BRIEF-William Hill agrees revised bid for Sportingbet

LONDON Tue Dec 4, 2012 12:00pm EST

LONDON Dec 4 (Reuters) - Sportingbet PLC : * Recommended revised proposal and extension * William Hill and gvc have today reached a conditional agreement regarding a

revised proposal * Revised proposal values each Sportingbet share at 56.1 pence * Offer implies a fully diluted equity valuation for Sportingbet of

approximately £485 million