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Tabcorp Holdings Provides Update on Combination with Tatts

11 Sep 2017  |  08:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Tabcorp provides update on combination with Tatts

Tabcorp Holdings noted the announcement made by Tatts Group (Tatts) on 8 September 2017 that the Supreme Court of Vic has made orders to convene a meeting of Tatts shareholders on 18 October 2017 to consider and vote on the proposed combination of the Company and Tatts (together, the Combined Group) via a Scheme of Arrangement (Transaction). It has calculated the implied value of the scheme consideration as $4.25 to $4.67 per Tatts share. This value includes $0.47 per Tatts share of value in relation to the expected synergies and business improvements and net of one-off integration costs.

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