Hedge funds were buying [[|]] as the delay in approving its £2.9billion sale to a US casino giant ran to a third week.
City sources said hedge funds betting on takeover deals, such as Melqart, Sand Grove and TIG, were paying £2.75 a share - more than Caesars has offered for the FTSE 250-listed bookmaker.
Last year, William Hill's board recommended a £2.72-a-share offer from Caesars to [[https://openclipart.org/search/?query=shareholders|shareholders]] after US private equity giant Apollo made a rival offer. 
      (Image: [[|]])   It has been nearly three weeks since William Hill said a judgment was ‘awaited'
Usually, a judge approves the takeover of a UK publicly listed company days after the court hearing. 
But two hedge funds have objected, saying they weren't given enough information by William Hill's board at the time of the shareholder vote. 
   RELATED ARTICLES  [[#|Previous]] [[#|1]] [[#|Next]]     [[/money/markets/article-9457285/STOCK-WATCH-whos-favourite-William-Hill-takeover.html| (Image: [[|]]) STOCK WATCH: Now who's favourite in William Hill takeover? ]] [[/money/markets/article-9433479/William-Hill-sale-casino-giant-Caesars-hangs-balance.html| (Image: [[|]]) William Hill's £2.9bn sale to American casino giant Caesars... ]] [[/money/markets/article-9399083/US-casino-2bn-swoop-Gamesys-Bosses-hit-500m-jackpot.html| (Image: [[|]]) US casino in £2bn swoop on online gambling firm Gamesys:... ]] [[/money/markets/article-9362877/Paddy-Power-owner-Flutter-mulls-listing-Fanduel-business.html| (Image: [[|]]) Paddy Power owner Flutter mulls US listing of its Fanduel... ]]     Share this article Share      HOW THIS IS MONEY CAN HELP    [[| What you need to know each week: Listen to the This is Money podcast ]]     It has been nearly three weeks since William Hill said a judgment was ‘awaited'.
Analysts have said a market rally since the deal was struck means the shares may be worth £4.90 if it is scrapped.
A William Hill spokesman declined to comment.
 

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