Tatts – Tabcorp Merger On The Backburner For Now (update)

A$9 billion merger held up by competing bids for Western Australia's TAB network

Robbie Cooke, chief executive of the Australian Tabcorp group, has confirmed the accuracy of an advisory sent by Tatts Group to shareholders that a A$9 billion merger with Tabcorp is currently on ice.
The Tatts advisory explained that both companies are bidding in the A$1 billion sale of the Western Australian government's TAB network, the last of its kind in Australia to be privatised.
Cooke revealed that there was a degree of uncertainty regarding the reaction of the Australian Competition and Consumer Commission regarding a merged bid, and this had exerted some influence on events.
However, InfoPowa readers will recall that the mammoth deal was also shelved late last year, reportedly over disagreements regarding valuations.
Tabcorp bought up previous TABs sold off by provincial governments.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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