Merger talks between Tabcorp Holdings Limited
(ASX:TAH) and Tatts Group Limited
(ASX:TTS) have come to a halt after the two companies could not agree on a deal.
In response to media speculation the two parties confirmed they had been in discussions but Tatts Group declined to accept a nil-premium exchange ratio and the deal stalled.
There are no further talks underway at this stage.
Tabcorp reported a net profit of $334.5 million for the 2015 financial year.
