Tatts said it would pay shareholders a fully franked special dividend of 12 cents per share immediately prior to the implementation of the scheme.
Tatts said it achieved record revenues, earnings before interest and tax, operating margins and jackpots.
Not exact matches
Australia «s
Tatts Group and Tabcorp Holdings (tabcf) on Tuesday
said they are in talks to create a A$ 9.34 billion ($ 7.1 billion) betting industry giant, hoping to join forces to fend off popular online rivals.
Tatts and Tabcorp abandoned merger talks in November last year, but Mr Boon
said on Wednesday a tie - up had been «the subject of numerous discussions between the two companies over time».
Tatts shareholders will vote on the Tabcorp merger on November 30, but activist investor Sandon Capital
say they should reject the merger.
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.
«It is really satisfying to see the digital initiatives we implemented over the last few years now driving strong sales outcomes,»
Tatts chief executive Robbie Cooke
said.
Rival bookmakers
say new legislation gives even more market power to Tabcorp and
Tatts Group through in - play betting.
Lotteries and gaming company
Tatts Group
said its net profit for the 2016 financial year fell 7.2 per cent to $ 233 million, compared to last year.
Mr Boon
said the board had considered demerging one or more of
Tatts» business units, selling some assets and maintaining the company in its current state after receiving Tabcorp's takeover proposal last October.
Mr Boon
said he was confident there would be a strong Queensland presence in the new merged company,
saying Tatts was buoyed by Tabcorp chairman Paula Dwyer's comments this week that there would be significant jobs in Queensland.
Tatts chairman Harry Boon
said an 18 - month review found the proposed Tabcorp merger was the best option.
Wagering giant Tabcorp
says its first - half profit was hit by costs with the pending merger with
Tatts Group.
Mr Sims
said it remains unclear following the decision for Tabcorp to take their
Tatts merger directly to the Australian Competition Tribunal whether other big mergers such as BP's blocked takeover of Woolworths service stations will try to seek approval in the courts.
not much to
say really i am a single mom of three 5» 5 brown hair blue eyes lots of
tatts a good ole country girl at heart