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Red Tiger

Tabcorp takes Tatts merger case to Australian Competition Tribunal

13th March 2017 8:38 am GMT

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).

Tabcorp said that in light of strong stakeholder support for the transaction and its anticipated benefits, the company has decided that it has a compelling case to pursue a merger authorisation application in the Tribunal.

Under the authorisation test, [...]

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