Jupiters shares surge on merger talk There has been a surge in the share price of Queensland casino operator, Jupiters, following news of a possible merger.
Late on Friday, it was announced that the Melbourne-based TABCorp Holdings was pursuing discussions with Jupiters about combining the two companies.
Board and Queensland Government approval would be among the conditions to be satisfied in any merger deal.
Trading this morning for the first time since the negotiations were disclosed, Jupiters shares were up 79 cents, or 15 per cent, at around 10:00am AEDT, to $6.19.
TABCorp shares have fallen 21 cents, or 2 per cent, to $10.55.
