Australia ASX listed gambling group Tabcorp Holdings has confirmed that it has completed its full divestment of Odyssey Gaming Services (Odyssey). Updating investors, Tabcorp confirms that it has fully sold its gaming machine and venue solutions supplier to Australian National Hotels Pty Limited, a transaction initially agreed in April 2017. The divestment of Odyssey is in accordance with merger demands …
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The governance of Tabcorp Holdings remains positive that it will conclude its planned AUS $11 billion merger with Tatts Group despite this week’s set-back following the Australian Federal Court’s ruling to ‘refer back’ the deal’s review by the Australian Competition Tribunal (ACT). The Tabcorp-Tatts merger hit a further hurdle on Wednesday, as the Federal Court sided with former deal supervising …
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The Federal Court of Australia has dealt a major blow for the planned merger of Tabcorp Holdings and Tatts Group, ruling against the Australian Competition Tribunal’s (ACT) right to approve the AUS $11 billion combination. Former merger review body the Australian Competition & Consumer Commission (ACCC) had filed for a Federal Court review in July 2017, having been dropped by Tabcorp …
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Updating the market, the governance of Australia ASX-listed Tabcorp Holdings Plc has provided a corporate update on its AUS $11 billion merger with Tatts Group, which will create the ‘outright Australian gambling market leader’. The Supreme Court of Victoria has ordered for a meeting of Tatts shareholders on Wednesday 18 October to vote on the proposed Tabcorp-Tatts combination. In preparation …
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Updating the market, Australian ASX-listed gambling operator Tabcorp Holdings has confirmed the promotion of Adam Rytenskild as new Chief Operating Officer of its Wagering & Media division. Tabcorp makes the appointment in preparation for the retirement of Craig Nugent as leader of the division later this year. Since 2000, Rytenskild has served in a variety of Tabcorp group senior executive …
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Following an arduous nine-month regulatory compliance review, the AUS $11 billion merger of Tabcorp Holdings and Tatts Group has received approval by The Australian Competition Tribunal (ACT). Tabcorp governance this morning issued a corporate update detailing the ACT’s ‘merger greenlight’, with full details of its competition review expected to be published on Thursday 22 June. Updating investors, Tabcorp governance stated …
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As the Australian Competition Tribunal (ACT) takes on the role of lead supervising body of the AUS $11 billion planned merger of Tabcorp Holdings and Tatts Group a number of industry stakeholders have addressed concern regarding the combination to create the Australia’s outright gambling market leader. This week, former merger review body The Australian Competition & Consumer Commission (ACCC) revealed …
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Pacific Consortium the joint-venture investment vehicle of London private equity firm Macquarie Group and New York fund Kohlberg Kravis Roberts (KKR) has restated its intent to acquire Australian gambling operator Tatts Group, by putting forward a AUS $7.3 billion all-cash transaction for the company. Placing a ‘last minute’ bid for Tatts assets, Pacific intends to derail the operator’s agreed AUS $11 billion …
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The expected Tabcorp-Tatts merger (first announced October 2016) faces a major challenge as a private consortium led by London private equity firm Macquarie Group and New York fund KKR has today launched an AUS $7.3 billion (£4.4 billion) bid for Tatts Group assets. Under the proposition of ‘Pacific Consortium’ the group of investors has made an approach of between AUS …
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Less than a month after officially completing its £2.4 billion merger (announced 1 November), the governance of Ladbrokes Coral Plc is reported to be studying a potential £2 billion takeover of Australian gambling operator Tabcorp Holdings. Eager to expand its global footprint, Ladbrokes Coral are reported to have appointed advisers consulting the FTSE operator on its approach for the Australian …
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