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TAH - Tabcorp Holdings News Story

A$4 -0.0  -0.7%

Last Trade - 25/02/20

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £4.17bn
Enterprise Value £6.12bn
Revenue £2.87bn
Position in Universe 73rd / 1834

BUZZ-Australia's Tabcorp to fall in next 2 months after Flutter-Stars Group merger - MS

Thu 3rd October, 2019 5:03am
** Morgan Stanley says 70%-80% likely that betting co
Tabcorp Holdings  TAH.AX  shares will fall in next 60 days 
    ** Paddy Power Betfair owner Flutter Entertainment  FLTRE.I 
 FLTRF.L  and Poker Stars owner Stars Group Inc  TSGI.TO  to
merge in $6 billion share deal to create world's biggest online
betting and gambling firm  urn:newsml:reuters.com:*:nL5N26N10R
    ** The merger highlights the need for scale in driving
growth - MS 
    ** Locally, Flutter-owned Sportsbet and Stars Group-owned
BetEasy combining, to create more challenging environment - MS 
    ** Tabcorp up 0.8% to A$4.9 after falling as much as 2.9%
earlier in the session 
    ** ~4.6 mln shares change hands, vs. 30-day avg of 4.7 mln
shares

 (Reporting by Nikhil Kurian Nainan in Bengaluru)
 ((NikhilKurian.Nainan@thomsonreuters.com; Twitter:
@NikhilKurianN))
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