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

FILE PHOTO: A branded sign is displayed outside a William Hill betting shop in London, Britain July 25, 2016. REUTERS/Neil Hall

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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