William Hill Shares Rise As Investor Rejects Merger Plan William Hill shares rise as investor turns down merger strategy Shares in William Hill have actually increased after the wagering company's biggest shareholder said it would oppose any merger offer with Canada's Amaya. Last weekend William Hill stated it remained in speak with combine with Amaya, which owns poker sites Full Tilt and PokerStars, in a potential ₤ 4.5 bn offer. But Parvus Asset Management said the merger had "restricted tactical reasoning" and would "ruin shareholder value". Shares in William Hill - a FTSE 250 member - closed up 5% at 314.1 p. Parvus stated the betting company needs to think about other all alternatives to increase investor returns, including a possible sale. Ralph Topping, who stepped down in 2014 after eight years as chief executive of William Hill, stated he "fully supported" Parvus. "When this offer was revealed I was left scratching my head," he informed the Financial Times, external. Both [Amaya and William Hill] have a lot to figure out in their own organization. I'm very nervous on the future of William Hill." Also on the FTSE 250, shares in Man Group leapt 13.7% after the world's biggest listed hedge fund said it was purchasing financial investment manager Aalto, which handles home assets worth $1.7 bn. Man Group likewise reported a 6% rise in the value of funds under management throughout the three months to September and said it planned a $100m share buyback. The blue-chip FTSE 100 index increased 35.81 indicate 7,013.55. Tesco was the greatest riser, up 4.41% to 203.7 p. The grocery store stated on Thursday night that it had actually resolved its prices row with provider Unilever. Shares in Unilever were down 0.5%. On the currency markets, the pound was trading at $1.2185, down 0.56%, versus the dollar. Against the euro it was flat at EUR1.1083. William Hill in ₤ 4.