Challenge by Competition Regulator May Delay Tatts-Tabcorp Merger
The Australian Competition and Consumer Commission’s application to have the Federal Court review the Australian Competition Tribunal’s approval of the proposed merger of Tatts Group and Tabcorp may delay the timing of the implementation of the deal. Not surprisingly, Tabcorp will oppose the ACCC’s application. At this stage, it is difficult to gauge the exact impact on timing though both parties are seeking an expedited hearing. A meeting of Tatts shareholders to vote on the scheme to merge wit...
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