SYDNEY, April 19 (Reuters) - A consortium backed by U.S. private equity giant KKR & Co KKR.N offered A$6.15 billion ($4.65 billion) cash for Australian lottery operator Tatts Group Ltd (TTS) , threatening an agreed merger with Tabcorp Holdings Ltd (TAH) , two sources familiar with the situation said on Wednesday.
The sources, who were not authorised to speak publicly, told Reuters a letter offering A$4.21 a share had been sent to the Tatts board on Tuesday evening.
Tatts in October agreed to accept a cash-and-scrip proposal from betting group Tabcorp to form an Australian gambling powerhouse.
Tatts shares closed at A$4.35 a share on Tuesday. ($1 = 1.3226 Australian dollars)
News: TAH KKR-backed consortium makes $4.7 bln cash offer for Australia's Tatts
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Last
50.0¢ |
Change
0.005(1.01%) |
Mkt cap ! $981.9M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 51.0¢ | 49.0¢ | $1.508M | 3.003M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 146235 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 40346 | 3 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TAH (ASX) Chart |
