Caesars Entertainment has confirmed its interest in acquiring sports betting house William Hill for about $3.7 billion.
It initiated a stock offering of 30 million shares Monday.
The proceeds of the offering could be used in the purchase of the London-based company.
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The companies confirmed the merger talks last week.
William Hill also has an offer from the investment firm Apollo.
Caesars already owns a 20 percent stake in Las Vegas-based William Hill US, which operates at the company’s casinos in Nevada.
