Caesars to offer 30 million shares to fund William Hill deal

© Reuters. FILE PHOTO: A pedestrian walks past a William Hill betting shop in London

(Reuters) – Caesars Entertainment (O:) said on Monday it would offer 30 million shares and intends to use the net proceeds to finance a portion its possible takeover of William Hill (L:). The company gave no indication on pricing of the offer.

The offer would be valued at $1.7 billion (1.32 billion pounds) at Caesars’ closing price of $57.07 on Friday.

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