|Bid||4.30 x 993000|
|Ask||4.31 x 765400|
|Day's range||4.29 - 4.35|
|52-week range||3.86 - 4.74|
|PE ratio (TTM)||28.67|
|Earnings date||14 Feb. 2018 - 19 Feb. 2018|
|Forward dividend & yield||0.17 (5.43%)|
|1y target est||4.28|
The $11 billion merger of gaming giants Tabcorp and Tatts Group is back on track for now, after the Australian Competition Tribunal gave the deal a green light for a second time. The Tabcorp-Tatts merger was thrown into doubt in July after the ACT had to review its original approval because of objections from the Australian Competition and Consumer Commission and online wagering firm CrownBet. The ACT on Friday said it is satisfied that the proposed merger is likely to result in substantial public benefits and that detriments identified by CrownBet - which is majority-owned by James Packer's Crown Resorts - and the ACCC are unlikely to arise or are immaterial.
The $11 billion merger of gaming giants Tabcorp and Tatts Group is again clear to proceed, with the Australian Competition Tribunal giving the deal a green light, subject to one condition. The Australian Competition Tribunal (ACT) now says it will approve the merger if Tabcorp divests its Odyssey Gaming business in Queensland. The merger was thrown into chaos in July after the ACT had to review its original approval because of objections from the Australian Competition and Consumer Commission (ACCC) and online wagering firm CrownBet.
A merger between Australian gambling giants Tabcorp and Tatts is back on track after a tribunal on Friday approved the Aus$8.6 billion (US$6.5 billion) deal following a court-ordered review on competition concerns. The decision by the Australian Competition Tribunal (ACT) revives the long-planned push by Tabcorp and Tatts -- first announced in October last year -- to forge closer ties to try to cut costs and pursue opportunities globally. "The tribunal is satisfied in all the circumstances that the proposed merger would result, or would be likely to result, in such a benefit to the public that the acquisition should be allowed to occur," ACT said in a statement.
A healthy September quarter on the back of surging gaming revenue has not helped accelerate Tabcorp's stalled merger with Tatts Group. Tabcorp lifted first-quarter revenue 5.7 per cent to $578.8 million, after gaming services revenue surged 47.8 per cent to $41.4 million for the first quarter of 2018, chief executive David Attenborough said. Mr Attenborough told shareholders, at the company's AGM in Melbourne on Friday, that total wagering turnover for the three months to September 30 was up 3.5 per cent at $3.1 billion.
An Australian court Wednesday dealt a blow to a planned Aus$8.6 billion (US$6.9 billion) merger of gambling giants Tabcorp and Tatts, ordering a review of the deal following competition concerns. Tatts and Tabcorp have for years pursued the idea of closer ties to try to cut costs and pursue opportunities globally, and announced a merger plan last October. When the Australian Competition and Consumer Commission (ACCC) raised concern about the impact on Queensland state's gambling services, Tabcorp took the plan to the body that reviews ACCC decisions, the Australian Competition Tribunal, to try to sidestep the watchdog.
Australian gambling giants Tabcorp and Tatts were Tuesday given the green light by the competition tribunal to merge, paving the way for the creation of a betting powerhouse following months of uncertainty. The rival Australian-listed firms announced their plan to merge in October, but the proposal encountered several hurdles including questions raised by the Australian Competition and Consumer Commission about the impact on competition in Queensland state. The Australian Competition Tribunal -- which Tabcorp took the deal to in order to sidestep the watchdog -- gave it the go-ahead provided the firm sold its Queensland gaming business.
Australian gaming and lottery giant Tatts said on Wednesday it had received a revised multi-billion-dollar takeover offer from a consortium led by US private equity firm KKR, challenging a planned merger with rival Tabcorp. The Pacific Consortium -- consisting off Kohlberg Kravis Roberts, Macquarie Group, First State Superannuation Scheme and North Haven Infrastructure Partners -- made an all-cash bid of Aus$7.2 billion, a sweetened offer from last year's cash and scrip offer. Tatts had rejected the consortium's first proposal in December and said it was not superior to a tie-up with Tabcorp, which the firms have pursued for years in a bid to cut costs and chase opportunities globally.
23 December 2016 Tatts determines the Pacific Consortium's proposal is not superior to the proposed Tabcorp merger Brisbane, 23 December 2016 - Tatts Group Limited (Tatts) announces that it has concluded ...
23 December 2016 Tatts Bonds - Quarterly Report ASX Code - TTSHA Please find attached a signed copy of the Tatts Group Quarterly Report to the Trustee and ASIC for the period ending 1 December 2016. ... ...
Australian gaming and lottery giant Tatts on Friday snubbed a US$5.5 billion takeover bid from a consortium led by investment bank Macquarie, instead favouring a tie-up with rival Tabcorp. Tatts and Tabcorp in October announced a merger to create an Aus$8.6 billion (US$6.6 billion) powerhouse taking bets on horse racing and sports events across Australia. "The board continues to believe that the proposed Tabcorp merger is in the best interests of Tatts shareholders and unanimously recommends (the merger) in the absence of a superior proposal," the company said in a statement.
FORECAST TTV ABOUT $68 million - A DECREASE OF ABOUT 16% FORECAST REVENUE ABOUT $15.3 million - A DECREASE OF ABOUT 14% FORECAST NPAT ABOUT $2.0 million - IN LINE WITH PREVIOUS COMPARATIVE PERIOD NUMBER ...
A consortium led by Australian investment bank Macquarie on Wednesday made a surprise US$5.5 billion bid for Tatts Group, throwing into question a planned merger between the gambling giant and rival Tabcorp. Tatts said it was assessing the unsolicited offer from the consortium -- which includes First State Superannuation Scheme, North Haven Infrastructure Partners and Kohlberg Kravis Roberts & Co -- although its directors were still supportive of the Tabcorp merger. Tabcorp and Tatts announced in October they were combining forces to create a powerhouse taking bets on horse racing and sports events across the country.
The Tabcorp merger valued Tatts at Aus$4.34 per share.No comment was immediately available from Macquarie.Tatts Group has a betting shop network in the states of Queensland, South Australia and Tasmania and also operates a lotteries business.
Form 604 Corporations Law Section 671B Notice of change of interests of substantial holder To: Company Name/Scheme TATTS GROUP LIMITED - AC N/ARSN 108 686 040 - Details of substantial holder NameUBS Group ...
Becoming a substantial holder The text version of this document is not available at the moment. The original content was posted at original link . Tatts Group Limited published this content on 28 November ...
Change in substantial holding The text version of this document is not available at the moment. The original content was posted at original link . Tatts Group Limited published this content on 29 November ...