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New consortium aims to derail Tabcorp merger with $7.3bn bid for Tatts

14th December 2016 9:13 am GMT

A new consortium has entered the fray to acquire Australian gaming giant Tatts Group with an offer of as much as AUD$7.3bn, which would see Tatt’s wagering and gaming businesses spun off and listed on the Australian Securities Exchange (ASX) or sold to a strategic party.

The Pacific Consortium includes private equity firm Kohlberg Kravis Roberts & Co. and Macquarie Corporate Holdings, with some of its members having previously conducted preliminary due diligence on [...]

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