Tatts Group Limited
(ASX:TTS) has announced the revised proposal from Pacific Consortium to buy 100% of Tatts for $4.21 cash per share is not superior to the proposed Tabcorp
(ASX:TAH) merger.
The gaming operator’s board continues to believe the Tabcorp merger is in the best interest of Tatts shareholders.
Tatts says in these circumstances it is unable to provide due diligence or engage with Pacific Consortium.
In the event of any developments with the proposed merger, Tatts will make a further announcement.
Shares in Tatts Group Limited
(ASX:TTS) opened 2.24% lower at $4.37
