April 19 (Reuters) - Tatts Group Ltd (TTS) Pacific consortium...

April 19 (Reuters) - Tatts Group Ltd (TTS)

• Pacific consortium revised indicative proposal
• revised indicative proposal values tatts at approximately $7.2 billion on an enterprise value basis.
• received a revised, non- binding, indicative and conditional proposal from pacific consortium to acquire 100% of tatts for $4.21 cash per tatts share
• Tatts' directors continue to believe proposed Tabcorp merger is in best interests of Tatts shareholders and unanimously recommend proposed Tabcorp merger
• terms include tatts shareholders to receive 100% cash consideration of $4.21 per tatts share
• cash consideration may include a fully franked special dividend of up to $0.25 per tatts share
• proposed transaction to be financed through a combination of equity and debt
• pacific consortium has indicative equity commitments of $4.6 billion subject to conditions
• expects approvals will be required from various industry bodies, state and territory governments and wagering, monitoring and lotteries