Private Investors Could Get Piece of Tattersall's

AUSTRALIA – As reported by the Australian: "Private investors could be invited to participate in the $2 billion stock market float of gambling giant Tattersall's later this year.

"The Victorian company is planning to sell about $300million worth of shares in mid-November in what is likely to be the biggest listing of the year.

"However, the amount of stock, if any, available for private investors will depend on how much shareholders -- the estimated 2500 beneficiaries of the estate of Tattersall's founder, George Adams -- are willing to sell.

"…The final structure of such a capital raising is unclear, but the company is believed to want at least some public involvement in the float, as well as interest from institutions.

"…They will then have just one or two weeks to make a decision on whether to sell any of their stake, with Tattersall's due to lodge a float prospectus with the Australian Securities & Investments Commission on October 8…"