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TAH — Tabcorp Holdings News Story

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Brief: Tabcorp To Acquire Wagering Technology Provider Betmakers

BRIEF-Tabcorp To Acquire Wagering Technology Provider Betmakers

- Betmakers Technology Group Ltd BET.AX:

  • TABCORP TO ACQUIRE WAGERING TECHNOLOGY PROVIDER BETMAKERS

  • TO ACQUIRE BETMAKERS TECHNOLOGY GROUP FOR CONSIDERATION OF A$0.24 PER SHARE

  • IMPLIES AN ENTERPRISE VALUE OF APPROXIMATELY A$267 MILLION

  • TARGETS A$30 MILLION RUN-RATE COST SYNERGIES BY END OF YEAR 2

  • OFFER UNANIMOUSLY RECOMMENDED BY BETMAKERS BOARD

  • BETMAKERS SHAREHOLDERS MAY ELECT UP TO 25% CONSIDERATION IN TABCORP SHARES

Further company coverage: BET.AX


((Reuters.Briefs@thomsonreuters.com;))

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