Brief: Tabcorp To Acquire Wagering Technology Provider Betmakers
BRIEF-Tabcorp To Acquire Wagering Technology Provider Betmakers Aug 10 (Reuters) - 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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