Edition:
United States

Tabcorp Holdings Ltd (TAH.AX)

TAH.AX on Australia Stock Exchange

4.32AUD
19 Oct 2017
Change (% chg)

$0.10 (+2.37%)
Prev Close
$4.22
Open
$4.25
Day's High
$4.32
Day's Low
$4.22
Volume
4,505,368
Avg. Vol
4,044,612
52-wk High
$5.12
52-wk Low
$3.90

Latest Key Developments (Source: Significant Developments)

Tatts Group says scheme meeting date has been postponed
Thursday, 28 Sep 2017 04:28am EDT 

Sept 28 (Reuters) - Tatts Group Ltd :Will continue to work with Tabcorp to progress remaining steps required to implement proposed transaction.Advises that Supreme Court of Victoria has made orders to postpone date of meeting of Tatts shareholders.Meeting at which Tatts shareholders will vote on combination of Tatts and Tabcorp Holdings Ltd.Scheme meeting date has been postponed to 30 November 2017.  Full Article

Tabcorp updates in relation to proposed merger of co and Tatts
Tuesday, 26 Sep 2017 05:01am EDT 

Sept 26 (Reuters) - Tabcorp Holdings Ltd :Updates in relation to proposed combination of tabcorp and tatts.confirms it intends to lodge new application for authorisation of proposed combination of co & Tatts as raised by justice Middleton in hearing today.  Full Article

Tabcorp reviewing federal court's reasons for decision on merger with Tatts
Thursday, 21 Sep 2017 03:52am EDT 

Sept 21 (Reuters) - Tabcorp Holdings Ltd :Federal court of Australia has lifted embargo on reasons for its decision concerning judicial review of ACCC's decision on merger with Tatts .Tabcorp is in process of reviewing federal court's reasons, although Tabcorp notes that issues in contention are of limited scope.​.  Full Article

Tabcorp Holdings says trading halted pending court judgement on Tatts takeover
Wednesday, 20 Sep 2017 12:00am EDT 

Sept 20 (Reuters) - Tabcorp Holdings Ltd :Trading halt is requested pending court judgement on Tatts takeover.  Full Article

Tabcorp updates on Federal Court's judgement regarding judicial review proceedings
Monday, 18 Sep 2017 06:41pm EDT 

Sept 19 (Reuters) - Tabcorp Holdings Ltd ::Been notified that Federal Court Of Australia will deliver its judgement in relation to judicial review proceedings commenced by ACCC.Judicial review proceedings regarding authorisation of combination of Tabcorp & Tatts granted by Australian Competition Tribunal.  Full Article

Tatts Group receives court approval to convene meeting
Friday, 8 Sep 2017 03:45am EDT 

Sept 8 (Reuters) - Tabcorp Holdings Ltd ::Supreme Court of Victoria ordered a meeting of Tatts shareholders be convened to consider and vote on proposed scheme of arrangement.Proposed scheme of arrangement in relation to previously announced merger to combine Tatts and Tabcorp Holdings .  Full Article

Tabcorp announces changes to wagering and media leadership
Tuesday, 22 Aug 2017 06:40pm EDT 

Aug 23 (Reuters) - Tabcorp Holdings Ltd :Tabcorp announces changes to wagering and media leadership.Adam Rytenskild has been appointed to lead Tabcorp's wagering and media business in anticipation of retirement of Craig Nugent later this year.Rytenskild will also be responsible for integration of tatts' wagering business.Nugent will remain with tabcorp until 30 november 2017 to allow for an orderly transition..  Full Article

Tabcorp targets FY18 opex to revenue ratio of about 22.5 pct‍​
Thursday, 3 Aug 2017 06:22pm EDT 

Aug 4 (Reuters) - Tabcorp Holdings Ltd -:Target opex to revenue ratio for fy18 of approximately 22.5%‍​.FY18 capex expected to be approximately $150m, excluding capex in respect of TGS venue expansion‍​.FY18 D&A expected to be approximately $190m.FY18 dividend target is 90% of npat before significant items, amortisation of the victorian wagering and betting licence and sun bets.  Full Article

Tabcorp Holdings posts FY net loss attributable of $20.8​ mln
Thursday, 3 Aug 2017 06:22pm EDT 

Aug 4 (Reuters) - Tabcorp Holdings Ltd -:Final dividend 12.5 cents per share .Fy revenue $2.23 billion, up 2 percent.Fy net loss attributable $20.8​ million versus profit of $169.7 million.Fy npat before significant items ‍$178.9m, down 3.8%​.‍Overall wagering & media performance impacted by underperformance in Luxbet and Trackside​.Strategic review of Luxbet is underway, while review of Trackside's product and marketing activity has been completed, with new initiatives planned for fy18​.‍Sun Bets recorded an FY17 ebitda loss of $46.2m​.‍Sun Bets leadership and operations have been reset to improve positioning of business for fy18​.Tabcorp and Tatts remain committed to combination and are continuing to progress transaction.Expect to complete merger with tatts in last quarter of 2017.‍"Our plan for fy18 centres on completing combination with Tatts"​.Significant items after tax in fy17 totalled $199.7m.  Full Article

Tatts Group updates on merger with Tabcorp
Thursday, 3 Aug 2017 06:21pm EDT 

Aug 4 (Reuters) - Tabcorp Holdings Ltd ::Notes that Tabcorp's FY17 financial results will be announced to ASX on Aug 4.Tatts and Tabcorp to defer release of scheme booklet for proposed merger in order to incorporate FY17 financial results and related disclosures​.Scheme booklet is now expected to be provided to Tatts' shareholders in September 2017​.Informed by Tabcorp that it is well progressed in obtaining government and regulatory approvals required to implement proposed merger​.  Full Article

BRIEF-Tatts Group says scheme meeting date has been postponed

* Will continue to work with Tabcorp to progress remaining steps required to implement proposed transaction