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BRIEF-Amaya Inc says confirms potential merger talks with William Hill

Published 2016-10-07, 06:20 p/m
© Reuters.  BRIEF-Amaya Inc says confirms potential merger talks with William Hill
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Oct 7 (Reuters) - Amaya Inc AYA.TO

* Amaya has been undertaking a review of its strategic alternatives since february 2016

* Discussions are ongoing and there can be no certainty that an agreement will be reached

* Boards of William Hill PLC, Amaya Inc note recent press speculation and confirm that they are in discussions regarding potential all share merger

* Board of William Hill evaluating options to accelerate William Hill's strategy of increasing diversification

* Potential merger would be consistent with strategic objectives of both William Hill and Amaya

* Potential merger would be classified as a reverse takeover

* Citigroup (NYSE:C) global markets limited is acting as financial adviser to William Hill

* Barclays (LON:BARC) Bank Plc is acting exclusively for Amaya Source text for Eikon: ID:nPn4FlphBa Further company coverage: AYA.TO

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