A day after an independent expert\’s report endorsed the “merger of equals” announced in late March between betting agency UNiTAB and lottery operator Tattersall\’s, Tabcorp Holdings, Australia\’s largest wagering company, launched a A$1.9 billion takeover bid for UNiTAB.
Tabcorp Chief Executive Matthew Slatter said Tabcorp\’s offer represented a superior alternative to the Tattersall\’s proposal, which valued UNiTAB at A$1.7 billion.
If successful, the takeover would create the world\’s sixth-largest, predominantly offline, listed gambling company, worth around A$12 billion.
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