TAH 1.01% 50.0¢ tabcorp holdings limited

News: Australia's Tabcorp says competition watchdog extends review period

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    June 8 (Reuters) - Tabcorp Holdings Ltd (TAH), Australia's biggest horse racing and sports betting company, said on Thursday the Australian Competition Tribunal has extended its deadline to rule on Tabcorp's A$6.4 billion ($4.82 billion) deal to buy rival Tatts Group Ltd (TTS).

    The Australian competition watchdog pushed out the deadline to Sept. 10, from June 13 previously, Tabcorp said in a statement. [nASX34whsF]

    Tabcorp agreed in October to acquire Tatts in an effort to fend off a growing challenge from overseas online rivals.

    ($1 = 1.3264 Australian dollars)

 
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