Looks like UTB is in the bag according to analysts.Tabcorp is...

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.