News: TTS Australia shares bounce on M&A activity, Wall St record; NZ down, page-13

This Pacific bid is nonsense. The Tabcorp proposal represents an orderly transfer to the Tabcorp books at a reasonable price and a continuation of dividend income via Tabcorp.
Pacific are offering an extreme lowball price that does not include any compensation for the current shareholders for the loss of future earnings - in my case, 10.9% dividend return based upon 2011 purchase price. Why would you surrender that for a cash bid that includes no premium.
You ain't gonna get my shares Macoctopus.