Corporate Action: Tatts Shareholders Should Vote in Favour of Merger with Tabcorp
The Australian Competition Tribunal greenlit the merger between Tabcorp and Tatts, albeit for the second time. The only condition is Tabcorp must divest its Odyssey Gaming Services business in Queensland. As previously indicated, Tabcorp has obtained all necessary State pre-implementation approvals. We believe the merger is most likely to proceed, and the only outstanding item is the shareholder vote. We maintain our narrow moat ratings for both companies, and we expect their competitive positio...
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