Another Spanner Thrown in the Works for Merger Between Tabcorp and Tatts
Another spanner has been thrown into the works for the Tabcorp and Tatts merger, as the federal court has set aside the approval granted by the Australian Competition Tribunal. Contrary to Tabcorp's view, we believe the best-case scenario for both narrow-moat-rated groups would be a delay, while the worst case is the deal falling through.Consequently, we have assessed the impact on our fair value estimates for both firms in the event the takeover does not proceed. In this scenario, our fair val...
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