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William Hill shares surge 20% on report of Apollo bid approach

FILE PHOTO: Gamblers watch sports on televisions at Monmouth Park Sports Book by William Hill, shortly after the opening of the first day of legal betting on sports in Oceanport, New Jersey, U.S., June 14, 2018. REUTERS/Mike Segar

LONDON (Reuters) - Shares in William Hill WMH.L surged over 20% on Friday after a news report by Bloomberg said the UK bookmaker had been approached by private equity firm Apollo Global Management APO.N for a potential acquisition.

Representatives for William Hill and Apollo Global Management did not immediately respond to a request for comment.

At 1156 GMT, William Hill shares were trading up 19% at 259.3 pence.

Reporting by Julien Ponthus, Editing by Abhinav Ramnarayan

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