Markets

The $11 billion Tabcorp and Tatts merger has been approved

The Australian Competition Tribunal today approved the $11 billion merger of gaming companies Tabcorp and Tatts. The Federal Court in September knocked back the merger on an application from the competition watchdog, the ACCC (Australian Competition and Consumer Commission), and sent the issue back to the tribunal for reconsideration. However, […]
The $11 billion Tabcorp and Tatts merger has been approved
Markets

The $11 billion Tabcorp-Tatts merger has been quashed

Plans for an $11 billion mega-merger of the nation’s two biggest gambling companies have been dealt a devastating blow, with the Federal Court quashing the approval of the ambitious proposal. The tie-up of the ASX-listed Tabcorp and Tatts Group was thrown into uncertainty on Wednesday when the court found in […]
The $11 billion Tabcorp-Tatts merger has been quashed
Markets

The massive Tabcorp and Tatts gambling empire merger is getting closer

The multi-billion dollar merger of the gaming businesses Tabcorp and Tatts is expected to be completed in November. The two agreed in October 2016 to create a diversified gambling entertainment group and ASX 50 company with an enterprise value of $11.3 billion and a market capitalisation of about $8.6 billion. […]
The massive Tabcorp and Tatts gambling empire merger is getting closer
Markets

The ACCC has identified issues with the $11 billion Tatts and Tabcorp merger

Consumer watchdog the ACCC (Australian Competition and Consumer Commission) has identified a range of competition issues with the proposed Tatts and Tabcorp gaming business merger. Tabcorp and Tatts agreed in October to create a diversified gambling entertainment group and ASX 50 company combining TAB betting, lotteries, Keno and gaming services, […]
The ACCC has identified issues with the $11 billion Tatts and Tabcorp merger
Markets

Tatts rejects a takeover bid by a Macquarie Bank consortium

Tatts has rebuffed a takeover bid by a Macquarie Bank-backed consortium, preferring instead to merge with Tabcorp. A short time ago, Tatts shares were down 3.4% to $4.395. Tabcorp shares were steady at $4.765, up just 0.3%. The Pacific Consortium headed by Macquarie had made a cash and shares offer […]
Tatts rejects a takeover bid by a Macquarie Bank consortium
Markets

Macquarie Bank consortium makes a counter bid for Tatts

Macquarie Bank has made a bid for Tatts, potentially sinking a merger with Tabcorp resulting in a partial breakup of assets. A short time ago, Tatts shares were up 8.8% to $4.50. A consortium led by Macquarie Group made a cash and shares offer valued at $4.40 to $5 a […]
Macquarie Bank consortium makes a counter bid for Tatts
Markets

Tabcorp goes on market to grab 10% of Tatts

Tabcorp has gone on market to pick up a 10% stake in Tatts. The two companies last month announced a deal to create a diversified gambling entertainment group and ASX 50 company valued at $11.3 billion and with combined revenue of more than $5 billion. The new entity will combine […]
Tabcorp goes on market to grab 10% of Tatts
Markets

Here’s what a combined Tatts and Tabcorp gambling business looks like

The merger of Tatts and Tabcorp will create a gambling powerhouse with an enterprise value of $11.3 billion and a market capitalisation of $8.6 billion. Here’s an overview of the numbers: The deal will combine major points of access to the gambling money of Australians: Wagering and Media About 4,300 […]
Here’s what a combined Tatts and Tabcorp gambling business looks like
Markets

Tatts and Tabcorp go ahead with a $11 billion merger

Tabcorp and Tatts are merging to create diversified gambling entertainment group and ASX 50 company valued at $11.3 billion and with combined revenue of more than $5 billion. The deal will create a new entity combining TAB betting, lotteries, Keno and gaming services and is expected to deliver at least […]
Tatts and Tabcorp go ahead with a $11 billion merger
Markets

A merger is on the table as Tatts and Tabcorp both go into trading halts

Listed gambling companies Tatts and Tabcorp have both gone into trading halts amid reports they are working on a merger. The two had talks last year about creating a massive gaming enterprise but negotiations stalled. Tatts, with its lotteries business, has a market cap of $5.34 billion and Tabcorp, with […]
A merger is on the table as Tatts and Tabcorp both go into trading halts