Tatts Group Limited
(ASX:TTS) and Tabcorp Holdings Limited
(ASX:TAH) have both entered into a trading halt, as the companies await notification about their proposed merger.
The companies requested the halt, ahead of the ruling from Australian Competition Tribunal about their merger.
If approved, the combined companies are tipped to create a $11 billion empire, controlling over 90% of Australia’s betting market.
Tatts and Tabcrop requested the halt remain until they have either updated the market about the Tribunal decision or by normal trading on 22 June 2017.
