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4,987 Posts.
139
07/03/16
20:17
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Depends who is offering the takeover premium.
If TTS is offering premium then price maybe stuck at $3.60 for awhile.
TTS needs to separate lotteries and rollup the wagering businesses together.
That is the only way it will make money out of the deal.
Unless TAH offers them $4.40 scrip and cash. On a 50/50 basis.
Btw the SP will need to sit at this level for at least 2-3 months to allow the board to consider being taken over.
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