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Tabcorp Holdings Responds to ACCC Federal Court Application

11 Jul 2017  |  16:20:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Tabcorp response to ACCC Federal Court application

Tabcorp Holdings responded by stating that it has reviewed the Australian Competition and Consumer Commission (ACCC)'s application to the Federal Court of Australia for judicial review of the Australian Competition Tribunal (the Tribunal)'s decision to authorise the proposed combination of the Company and Tatts Group. The factual findings by the Tribunal of substantial public benefits and of no, or insignificant, detriment arising from the Transaction are not in issue in the judicial review application. Tabcorp will oppose the ACCC's application and will pursue an expedited hearing. The ACCC's application will impact the timing of the implementation of the Transaction, though the precise impact will not be known until the Court has considered the matter.

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