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News: TAH Intecq says final regulatory approval has been received by Tabcorp Holdings, page-10

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    lightbulb Created with Sketch. 896
    Yes, journalists writing for clicks are already saying that and some of the journalists are English and keep on saying "Ladbrokes".

    One journalist writing for clicks is Shane Anderson, notice how the wording is predominantly English not Australian English, i.e. "Ladbrokes Coral".

    The article is written from an English perspective not Australian, why would be that unless the source and the scent of the story was from England, also historical references to taking over the "Australian company"?
    https://www.racing.com/news/2016-11-28/ladbrokes-coral-look-for-tabcorp-takeover

    The planned merger between wagering giants Tabcorp and Tatts could come under pressure with reports from the UK suggesting that newly -bookmaker Ladbrokes Coral is considering a takeover play for Tabcorp.
    The Mail On Sunday reported that Ladbrokes Coral has appointed advisers to assess a takeover bid for Tabcorp in a deal that would cost the UK firm more than $3.3 billion.
    It is understood that any potential bid is in the early stages of development and is not a certainty.
    Ladbrokes Coral only completed its $4 billion merger weeks ago but that hasn’t stopped the company from looking to the future.
    This is not the first time Tabcorp has been on the radar of Ladbrokes, with the Australian company reportedly turning down an offer in 2013.
    With the proposed $11.3 billion merger between Tabcorp and Tatts facing scrutiny from the Australian Competition and Consumer Commission (ACCC), this could create an opening for Ladbrokes Coral which is reportedly only interested in Tabcorp.
    A Ladbrokes Coral takeover of Tabcorp would create a company worth around $8.3 billion, making it one of the biggest wagering businesses.
    Ladbrokes have already purchased Australian wagering businesses Betstar and Bookmaker.com.au in recent years before its merger with Gala , which was completed at the start of this month.
    Tabcorp had revenues of $2.2 billion last year with pre-tax profits of $301 million.
    Last week, Tabcorp made a raid on the share register of Tatts Group, moving to buy up a stake of up to 10 percent, the equivalent to as much as $639.45 million, which many believe was a way of Tabcorp protecting its position in case of a situation of an interloper arriving that could scupper the agreed merger.
    Last edited by JCoure: 17/12/16
 
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