Tabcorp-Tatts decision deadline extended

The Australian Competition Tribunal has extended its deadline to decide on the Tabcorp-Tatts Group merger proposal to September 10.

The Australian Competition Tribunal has extended its deadline to make a determination on the Tabcorp-Tatts Group merger proposal, and now expects to make a decision by September 10.

The previous deadline was June 13.

Tabcorp, which has proposed a merger with rival Tatts Group to form a $11 billion gaming giant, says both companies are progressing the other government and regulatory approvals, and are working towards closing the deal in the third quarter of 2017.


Share

1 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world