Tatts Group
(ASX:TTS) has advised that the proposed merger with Tabcorp
(ASX:TAH) will be voted on by its shareholders in October 2017.
The lottery business and Tabcorp decided to release the Scheme Booklet for the proposed merger in September 2017, so that both companies could include their financial results.
Tabcorp is reporting its today while Tatts will release its results on Thursday 17 August 2017.
Tabcorp has told Tatts that it has progressed well in obtaining government and regulatory approval to implement the proposed merger.
The merger however remains subject to customary conditions, including shareholder and court approval.
Shares in Tatts Group
(ASX:TTS) lasted traded 0.50 per cent higher to $4.05.
