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BRIEF-Tabcorp Holdings updates on combination with Tatts
September 10, 2017 / 10:46 PM / 3 months ago

BRIEF-Tabcorp Holdings updates on combination with Tatts

Sept 11 (Reuters) - Tabcorp Holdings Ltd

* Tabcorp provides update on combination with Tatts

* Tabcorp continues to expect transaction to deliver at least $130m p.a. of ebitda from synergies and business improvements

* Tabcorp expects that transaction will deliver at least $80 million p.a. Of ebitda in operational expenditure synergies

* Expected that about $10 million p.a. Of capital expenditure synergies will be available to combined group

* One-Off costs & capex associated with integration to achieve synergies & business improvements estimated to be about $119 million (post-tax) Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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