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 presents the Market Outlook and company news. She joined FNN in January 2017. She has been in broadcast journalism for over five years. She has worked as a journalist with Sky News Business, ABC 1 and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She is also a qualified financial planner and a Masters of Applied Finance student.