- Reuters•26 days ago
Australia's Tatts Group on Friday rejected a takeover bid worth up to A$7.3 billion ($5.27 billion) from a consortium backed by KKR and Macquarie Group, saying it preferred an earlier offer from Tabcorp Holdings Ltd. Tatts, Australia's biggest lotteries operator, said the proposal from the Pacific Consortium of four financial investors relied on assumptions that were either incorrect, inconsistent with Tatts' current expectations or unknown.
- Barrons.com•26 days ago
AU) is to reject a rival takeover bid from a Macquarie-led consortium in favor of a merger with peer Tabcorp Holdings (TAH. Macquarie’s Pacific Consortium – whose backers include private equity firm KKR and a Morgan Stanley infrastructure fund – made its offer in mid-December, valuing Brisbane-based Tatts at between AUD4.4 and AUD5 per share. Tabcorp’s November bid valued Tatts at just AUD4.34 per share.
- The Wall Street Journal•26 days ago
The wagering and lotteries company said Friday it had concluded the unsolicited 7.34 billion Australian dollars ($5.31 billion) offer from the group known as Pacific Consortium isn’t superior to a proposed ...
TTS.AX : Summary for TATTS GRP FPO - Yahoo Finance
Tatts Group Limited (TTS.AX)
ASX - ASX Delayed Price. Currency in AUD
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|Day's Range||4.34 - 4.41|
|52 Week Range||3.53 - 4.74|
|PE Ratio (TTM)||27.44|
|Dividend & Yield||0.19 (6.05%)|
|1y Target Est||N/A|