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News: Australia's Tabcorp to stick with investor meeting date for Tatts merger

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  1. Hot News
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    21/09/17
    09:55
    Post #: 27360804

    Sept 21 (Reuters) - Betting Firm Tabcorp Holdings (TAH) said on Thursday it expected to stick to its October 18 date for a shareholder meeting to vote on its acquisition of lottery business Tatts Group (TTS), despite a court decision blocking the deal.

    The A$6.15 billion ($4.93 billion) deal was cleared in June by the Australian Competition Tribunal but the antitrust regulator appealed the decision and won on Wednesday.

    The deal announced a year ago now faces further delays.

    ($1 = 1.2469 Australian dollars)

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