Tabcorp shares resume trading

Tabcorp has completed a $142 million placement to institutional shareholders and will now look to raise another $94 million from retail investors.

Tabcorp shares have resumed trading after the company completed a $142 million capital raising from institutional shareholders.

The gaming group will now look to raise another $94 million from retail shareholders through a renounceable entitlement offer.

Tabcorp shares have been in a trading halt since last Thursday, when the company launched the capital raising after lifting its first half profit 64 per cent and announcing a special 30 cent per share dividend.