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A$92.6 0.2  0.2%

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Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £3.44bn
Enterprise Value £3.91bn
Revenue £1.24bn
Position in Universe 85th / 1829

Australia's CrownBet to not oppose Tabcorp-Tatts merger

Wed 29th November, 2017 11:29pm
Nov 30 (Reuters) - Horse-race betting giant Tabcorp Holdings 
Ltd  TAH.AX  said on Thursday that rival CrownBet has agreed not 
to oppose the company's $4.7 billion takeover offer for Tatts 
Group Ltd  TTS.AX . 
    Tabcorp's offer for the lottery owner was cleared by an 
Australian tribunal earlier this month and CrownBet has agreed 
not to apply for judicial review of the tribunal's decision, the 
company said in a statement. 
 
 (Reporting by Chandini Monnappa in Bengaluru; editing by 
Richard Pullin) 
 ((chandini.m@thomsonreuters.com;)) 
 
Keywords: TATTS GROUP M&A/TABCORP
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