Federal Court hands Tatts merger decision to Tribunal

Company News

by Jessica Amir

Following the Federal Court’s judicial review of the proposed merger of Tabcorp (ASX:TAH) and Tatts Group (ASX:TTS), it has remitted the matter back to the Tribunal for further consideration.

It comes as the Federal Court was reviewing the ACCC and CrownBet’s application of the potential merger.

The Federal Court will reveal its reasons for handing the matter back to the Tribunal in due course.

Just last week, the Supreme Court of Victoria ordered Tatts (ASX:TTS) shareholders to vote on the proposed combination.

Both entities entered a trading halt yesterday ahead of the Federal Court’s decision.

Shares in Tabcorp (ASX:TAH) are trading 2.91 per cent lower to $4.17.
 

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