analysts - the merger, page-2

Looks like UTB is in the bag according to analysts.

Tabcorp is unlikely to bid for UNiTAB, despite the probable severe impact of a Tattersall's-UNiTAB merger. Analysts point out that competition issues would probably obstruct a Tabcorp bid for the rival Australian wagering company. Also, Tabcorp would need to borrow about $A2bn for the acquisition, and would have to sell UNiTAB's poker machine monitoring arms in New South Wales and Queensland. A bid would only serve to stop Tattersall's creating a formidable opposition by joining with UNiTAB. UNiTAB's share price dropped to $A15.20 on 28 March 2006, as investors realised that a bidding war was unlikely.