|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.76 - 7.76|
|52 Week Range||4.35 - 7.98|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.25 (3.16%)|
|Ex-Dividend Date||Feb 26, 2021|
|1y Target Est||N/A|
While Tabcorp Holdings Limited ( ASX:TAH ) might not be the most widely known stock at the moment, it saw a decent...
Australia's BetMakers Technology Group Ltd on Friday intensified a three-way bidding war for Tabcorp Holdings Ltd's wagering and media business, offering A$4 billion ($3.1 billion) for the struggling division. The BetMakers proposal dwarfs separate A$3.5 billion offers by British sports betting firm Entain and U.S.-based investment manager Apollo Management for the Tabcorp unit hit hard by the halt to sporting events and closure of betting shops due to the pandemic. Tabcorp shares gained as much as 4.2% and scaled a near 3-1/2 year peak.
Entain has sweetened its offer to A$3.5 billion ($2.72 billion) for Tabcorp Holdings' wagering and media business, as the British sports betting firm seeks to gain a larger foothold in Australia's regulated betting market. Tabcorp said Entain's bid is an improvement over several informal offers it received in March which valued the company's unit, struggling from closed betting shops and cancelled sporting events due to COVID-19 restrictions, at around A$3 billion. According to a local Australian paper https://www.smh.com.au/business/companies/ladbrokes-owner-increases-bid-to-3-5b-for-tabcorp-s-wagering-business-20210427-p57mnv.html, Tabcorp's share in the country's wagering market is about 37%, while Entain holds 11% through two entities.