PBL Dashes Takeover Rumors

10 Apr 2006

AUSTRALIA – As reported by the Age.com: "PBL has dashed market speculation it will submit a rival bid for Australia's second-largest wagering group UNiTAB Ltd, which has agreed to a takeover by Tattersall's Ltd.

"Australia's top lottery operator launched a $A1.9 billion bid for UNiTAB in March, hoping to take on rival Tabcorp Ltd and tap growth overseas.

"Analysts have said the proposed tie-up put UNiTAB in the spotlight, with Tabcorp most likely to make a counter offer, speculating that casino operators such as Packer family-owned PBL and New Zealand's Sky City Ltd were also potential bidders…"

PBL Dashes Takeover Rumors is republished from CasinoCityTimes.com.

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	PBL Dashes Takeover Rumors 10 Apr 2006 <a href='http://as1.casinocity.com/adclick.php?n=a21efcd1'><img src='http://as1.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt=''></a> AUSTRALIA – As reported by the Age.com: "PBL has dashed market speculation it will submit a rival bid for Australia's second-largest wagering group UNiTAB Ltd, which has agreed to a takeover by Tattersall's Ltd. "Australia's top lottery operator launched a $A1.9 billion bid for UNiTAB in March, hoping to take on rival Tabcorp Ltd and tap growth overseas. "Analysts have said the proposed tie-up put UNiTAB in the spotlight, with Tabcorp most likely to make a counter offer, speculating that casino operators such as Packer family-owned PBL and New Zealand's Sky City Ltd were also potential bidders…" PBL Dashes Takeover Rumors is republished from CasinoCityTimes.com.