M&A news sponsored by Playtech

 

Tabcorp Holdings is seeking authorisation from the Australian Competition Tribunal to proceed with its proposed merger with Tatts Group, at the same time withdrawing its application for informal clearance by the Australian Competition and Consumer Commission (ACCC).

The Australian Competition and Consumer Commission (ACCC) has published its initial findings relating to Tabcorp's proposed AUD$6.4bn acquisition of Tatts Group, highlighting the risk of reduced competition in Queensland and the potential dominance of Sky Racing as key areas of concern.