TAH tabcorp holdings limited

News: TAH Tatts Group says company receives indicative proposal

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    Dec 14 (Reuters) - Tatts Group Ltd (TTS) :

    • Tatts receives indicative proposal
    • It has received an unsolicited confidential, non-binding, indicative and conditional proposal from four financial investors
    • Received proposal from four financial investors to acquire 100% of tatts for a combination of cash and scrip consideration
    • Pacific consortium's total indicative value per tatts share of $4.40 to $5.00
    • Cash consideration of $3.40 includes $3.105 cash, a $0.20 fully franked special dividend, and $0.095 fully franked interim dividend
    • Proposed transaction to be financed through a combination of equity and debt
    • Shareholders do not need to take any action in response to indicative proposal
    • Wagering & Gaming Co to have $378m drawn debt and $139m undrawn facilities to fund remaining cms licence payments in NSW
    • Tatts has not yet formed a view on how the indicative proposal compares to the proposed tabcorp merger
    • Directors of Tatts continue to believe proposed Tabcorp merger is in best interests of Tatts shareholders ; unanimously recommend Tabcorp merger
    • Tatts board remains fully committed to acting in best interests of, and maximising value for, Tatts shareholders
 
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Last
72.3¢
Change
0.003(0.35%)
Mkt cap ! $1.651B
Open High Low Value Volume
72.5¢ 72.5¢ 71.5¢ $572.6K 794.5K

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No. Vol. Price($)
45 206831 72.0¢
 

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Price($) Vol. No.
72.5¢ 116324 51
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