William Hill, GVC agree 485 million pound deal for Sportingbet

LONDON Thu Dec 20, 2012 11:26am EST

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LONDON Dec 20 (Reuters) - William Hill and smaller partner GVC Holdings have agreed a 485 million pound ($789 million) takeover of online gambling company Sportingbet, the companies said on Thursday.

The recommeded cash-and-shares offer values Sportingbet shares at 56.1p each, in line with terms provisionally agreed earlier this month.