Tatts shares fell 0.5 per cent to $ 4.04 on Thursday, while shares in Tabcorp fell 0.8 per cent to $ 4.78.
Example If you owned 200 TTS as of the Scheme Record Date, the Quantity is 160 = 200
Tatts shares x 0.8 Tabcorp shares.
Not exact matches
The companies failed in a previous attempt to merge in 2015, and since then Tabcorp's
shares have gained 11.4 % while
Tatts has fallen by the same amount.
Tabcorps earnings per
share should be up at least 11 per cent in coming financial years, if it secures rival wagering company
Tatts Group.
However, as its ticket supplier
Tatts Group (TTS) spent to improve its own offering, Jumbo has lost online market
share.
Tatts said it would pay shareholders a fully franked special dividend of 12 cents per
share immediately prior to the implementation of the scheme.