Tabcorp steps closer to merging with Tatts

Company News

by Jessica Amir

Tabcorp Holdings (ASX:TAH) is an important step closer to towards creating a merged gambling entertainment group with Tatts Group (ASX:TTS).

Tabcorp says the combined company will deliver substantial financial and other benefits to both company shareholders, customers, business partners and stakeholders.

It comes as the Supreme Court of Victoria made orders for Tatts Group (ASX:TTS) shareholders to consider and vote on the proposed combination with Tabcorp Holdings (ASX:TAH).

The company says with all pre-implementation regulatory approvals in place, the transaction is expected to take place in November 2017.

Shares in Tabcorp Holdings (ASX:TAH) are trading 0.99 per cent higher to $4.09.

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.