Tatts and Tabcorp await Tribunal merger ruling

Company News

by Jessica Amir

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.


 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.