Cash Is King as Pacific Consortium Emerges With an Attractive Revised Proposal to Acquire Tatts
As anticipated in our prior research reports, Pacific Consortium has emerged with a revised indicative and conditional proposal to acquire Tatts....
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Tabcorp and Tatts Merger Edges One Step Closer to the Finish Line
We remain confident the proposed Tabcorp and Tatts merger will proceed following the statement of issue, or SOI, released by the Australian...
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Tatts' Weak Result Does Not Reduce Its Corporate Appeal; FVE Lowered to Implied Bid Price
As guided, narrow-moat-rated Tatts Group reported a weak first-half 2017 fiscal result, albeit slightly below our expectations. The market's key...
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Tabcorp's Interim Fiscal 2017 Result Shows Traditional Wagering Remains Under Pressure
Narrow-moat-rated Tabcorp's 2017 interim result met our expectations, reporting 5% growth in underlying net profit after tax, or NPAT, over the...
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Tatts / Tabcorp - What's the Table Limit on Tabcorp's Bet?
Tatts has been trading above the implied offer by Tabcorp by 5% to 6.5% since Pacific Consortium announced a AUD 4.40 to 5.00 non-binding offer for...
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