The long proposed merger between Tabcorp Holdings and Tatts Group has moved a further step towards completion, following approval of the scheme from the Supreme Court of Victoria. Originally announced in October of 2016, court orders have now been lodged with The Australian Securities and Investments Commission (ASIC), with the scheme now effective and a date of implementation set for …
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Tabcorp hails “significant step” following merger greenlight
The tortuous progress of the long planned AU$11bn merger between Tabcorp and Tatts has been eased after the Australian Competition Tribunal (ACT) gave the deal the go-ahead, for the second time. The case had been referred back to the ACT for a second review, following opposition to the deal from the Australian Competition and Consumer Commission (ACCC) and rival betting …
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