Shot at Tattersalls Ends in Whimper

8 Jun 2005

AUSTRALIA – As reported by the Australia Age: "The Ron Brierley-backed Rattoon Holdings' second tilt at a major stake in Tattersall's ended with a whimper last night with only 3 million shares in the soon-to-list lottery operator confirmed for acquisition.

"Rattoon chairman Hugh Henderson said the company expected to pick up another 10 million shares overnight at $3.45 each.

"…Just last week Rattoon said it expected to acquire as much as 4.5 per cent of Tattersall's shares for as little as $75 million, or $2.90 a share - the top end of the valuation range offered by Tattersall's prospectus.

"Rattoon, which is listed on the Newcastle Stock Exchange, said it was on track to acquire a 5 per cent stake for around $100 million last month when rumours of a higher bid from JPMorgan had emerged before the May 27 deadline.

"The uncertainty had killed Rattoon's bid, Mr Henderson said…"

Shot at Tattersalls Ends in Whimper is republished from CasinoCityTimes.com.

Language Support: Your Location: > edit your preferences Home Online Slots Online Casinos Online Poker Online Bingo Backgammon Mahjong & Rummy Skill Games Lotteries Sportsbooks Betting Exchanges Spread Betting Binary Options Live Dealers Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Shot at Tattersalls Ends in Whimper 8 Jun 2005 <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 Australia Age: "The Ron Brierley-backed Rattoon Holdings' second tilt at a major stake in Tattersall's ended with a whimper last night with only 3 million shares in the soon-to-list lottery operator confirmed for acquisition. "Rattoon chairman Hugh Henderson said the company expected to pick up another 10 million shares overnight at $3.45 each. "…Just last week Rattoon said it expected to acquire as much as 4.5 per cent of Tattersall's shares for as little as $75 million, or $2.90 a share - the top end of the valuation range offered by Tattersall's prospectus. "Rattoon, which is listed on the Newcastle Stock Exchange, said it was on track to acquire a 5 per cent stake for around $100 million last month when rumours of a higher bid from JPMorgan had emerged before the May 27 deadline. "The uncertainty had killed Rattoon's bid, Mr Henderson said…" Shot at Tattersalls Ends in Whimper is republished from CasinoCityTimes.com.