Examples of Caesars Group in a sentence
On 30 September 2020, the boards of William Hill, Caesars UK Bidco and Caesars announced that they had reached agreement on the terms of a recommended cash acquisition pursuant to which Caesars UK Bidco shall acquire the entire issued and to be issued share capital of William Hill not already owned by or on behalf of the Caesars Group (the “Acquisition”), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the “Scheme”).
On 30 September 2020, the boards of William Hill, Caesars and Caesars UK Bidco announced that they had agreed the terms of a recommended cash acquisition pursuant to which Caesars UK Bidco proposes to acquire the entire issued and to be issued share capital of William Hill not already owned by or on behalf of the Caesars Group.
William Hill Shares held by or on behalf of the Caesars Group are excluded from the Scheme.
This announcement (including information incorporated by reference in this announcement), oral statements made regarding the Acquisition, and other information published by William Hill, any member of the William Hill Group, Caesars, Caesars UK Bidco or any member of the Caesars Group contain statements which are, or may be deemed to be, “forward looking statements”.
This is to be achieved by the transfer of the William Hill Shares (other than William Hill Shares held by Caesars or members of the Caesars Group) to Caesars UK Bidco, in consideration for which the William Hill Shareholders shall receive cash consideration on the basis set out in paragraph 2 of this announcement.
At 27 December 2022, the amount payable to Sports Information Services Limited by the Group was £nil (28 December 2021: £0.4m).Loans ReceivableAt 28 December 2021, the Group held an arms-length loan receivable of £1,819.4m from other companies within the Caesars Group, related parties sitting outside of this Group, which incurred interest at a rate of SONIA plus 3.5%.
Following the completion of the Acquisition, Caesars intends to integrate the whole of William Hill’s US business into the Caesars Group with minimal, if any, impact on employee headcount.
This is to be achieved by the transfer of the Xxxxxxx Xxxx Shares (other than Xxxxxxx Xxxx Shares held by Caesars or members of the Caesars Group) to Caesars UK Bidco, in consideration for which the Xxxxxxx Xxxx Shareholders shall receive cash consideration on the basis set out in paragraph 2 of this announcement.
The Group held a full intercompany position with its disposed business that now sits as part of the wider Caesars Group.
This announcement (including information incorporated by reference in this announcement), oral statements made regarding the Acquisition, and other information published by Xxxxxxx Xxxx, any member of the Xxxxxxx Xxxx Group, Caesars, Caesars UK Bidco, or any member of the Caesars Group contain statements which are, or may be deemed to be, “forward looking statements”.