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Tabcorp launches strategic review in response to acquisition proposals

29th March 2021 8:32 am GMT

Australian wagering operator Tabcorp has rejected a number of unsolicited acquisition proposals for its wagering and media business, instead opting to launch a strategic review to assess all structural and ownership options.

Tabcorp said Monday that the unsolicited approaches and proposals valued its wagering and media business at approximately AUD$3.0bn, which is lower than the company’s expectations, prompting the launch of the strategic review to consider all available options.

These include a potential sale of the wagering [...]

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