Sky City Drops Taverner Plans
26 Oct 2005
NEW ZEALAND – As reported by the New Zealand Stuff: "Sky City has dropped plans to bid for Australian pub company Taverner Group.
"The casino operator said today it 'does not expect to acquire the Taverner Hotel Group'. The scant statement to the Stock Exchange didn't go into any detail behind the decision.
"Sky City raised the ire of the exchange earlier this month when chairman Rod McGeoch let slip in a media interview that the firm was considering a bid for Australia's second-largest pub group.
"…Taverner owns 32 hotels and 2000 poker machines in Victoria, South Australia, and New South Wales, and is expected to be worth as much as $A350 million ($NZ379.11 million)…: