Tatts Shareholders to vote on merger in Oct 2017

Company News

by Jessica Amir

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.

 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.