TTS tatts group limited

Sept 11 (Reuters) - Tabcorp Holdings Ltd (TAH) Tabcorp provides...

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    Sept 11 (Reuters) - Tabcorp Holdings Ltd (TAH)

    • Tabcorp provides update on combination with Tatts
    • Tabcorp continues to expect transaction to deliver at least $130m p.a. of ebitda from synergies and business improvements
    • Tabcorp expects that transaction will deliver at least $80 million p.a. Of ebitda in operational expenditure synergies
    • Expected that about $10 million p.a. Of capital expenditure synergies will be available to combined group
    • One-Off costs & capex associated with integration to achieve synergies & business improvements estimated to be about $119 million (post-tax)
 
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