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 bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.