Game Types Bonuses Slots More
Online Casinos Poker Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Live Dealers
Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions Edit Preferences Search

Unitab Rejects Tabcorp, Stands by Tattersall's Offer

5 Jun 2006

AUSTRALIA -- As reported by Bloomberg: "Unitab Ltd., Australia's second- largest wagering company, rejected an unsolicited A$1.9 billion ($1.4 billion) bid from Tabcorp Ltd., saying it favored an agreed-upon offer by Tattersall's Ltd.

"Tabcorp's bid is 'inadequate' and doesn't pay a premium for winning control of a rival, Brisbane-based Unitab said today. Unitab prefers Melbourne-based Tattersall's A$1.7 billion cash and stock offer that gives its existing shareholders a stake in the enlarged company.

"...Tabcorp Chief Executive Officer Matthew Slatter is seeking to control Australia's A$2.4 billion off-track betting industry by taking over Unitab, which is a rival for his horse and sports betting license in Victoria state..."

 
About Us | Advertising | Publications | Land Casinos