Sentences with phrase «tatts deal»
Changes to broadcast practices and keeping joint venture funding arrangements could see the Tabcorp - Tatts deal approved
http://www.afr.com/ Not exact matches
Tatts will have to delay its shareholder vote on its $ 11 billion merger proposal with Tabcorp because of fresh hearings into the deal.
The other hurdle is the Tatts shareholder vote on the deal on November 30.
While activist shareholder Sandon Capital has been a voluble opponent of the deal, arguing Tabcorp is getting a very good asset in the Tatts lotteries business, there are enough big shareholders who own stock in both companies that are in favour of the transaction to make a favourable vote likely.
When questioned by Tatts» shareholder Charlie Green of Hunter Green Institutional Broking whether the falling value and performance of both Tabcorp and Tatts in recent months meant the deal should be revisited, Mr Cooke said it «would be premature to form conclusions» before legal action brought the Australian Competition and Consumer Commission in the Federal Court and regulatory approvals were finalised.
ACCC concerned Competition Tribunal's approval of $ 11b Tatts - Tabcorp merger could radically change competition hurdles for future deals.