Australian Competition Tribunal Gives the Green Light for Tatts-Tabcorp Merger; FVEs Adjusted
Overcoming what we view as the last major hurdle, the Australian Competition Tribunal, or ACT, gave the green light for the proposed merger between Tabcorp and Tatts. The only condition, and a minor one at that, is that Tabcorp divests Odyssey Gaming Services, which the company agreed earlier in 2017 to sell to Australian National Hotels. This is a key milestone in the proposed transaction, and Tabcorp’s decision to bypass the Australian Competition and Consumer Commission and go directly to the...
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